Sentences with phrase «keep up with monthly payments for»

It is this underlying lack of funds that has made the family unable to keep up with monthly payments for their home.

Without any open lines of credit, a lender has no idea how risky you are as a borrower or if you can keep up with monthly payments for the long haul, says Dave Marcus, a senior loan officer with AmeriFirst Financial in Denver.

Instead of becoming overwhelmed with keeping up with monthly payments for various debts, combining them into one alleviates the stress.

Not exact matches

If that situation persists, many may decide that the financial burden of keeping up with monthly payments on a mega-mortgage for an asset that is declining in value is simply not worth it.

«Tens of thousands of people who took out private student loans to pay for college, have not been able to keep up with the monthly payments, but may now get their debts wiped away because critical paperwork is missing.»

If you have trouble keeping up with your monthly payments, this could mean serious trouble for your budget, and your credit score.

For example, if you subtract your monthly expenses from your net income, and you end up with $ 2,500... I recommend keeping your mortgage payment below $ 2,000.

In cases where you do not qualify for deferment, and can not keep pace with your monthly loan payments, the government may also grant you forbearance, which would allow you to halt payments or reduce the size of your monthly payment for up to a year.

If you have more than $ 10,000 in debt and are struggling to keep up with multiple monthly payments, you might be good candidate for debt consolidation.

People find debt consolidation loans to be a reliable option especially because it is extremely hard to keep up with expensive monthly payments for different loans.

If you're struggling to keep up with outrageous payments, for example, a new car loan could help you score a lower monthly payment, so long as you're willing to extend your repayment timeline.

Keep in mind that although your monthly payments may be higher with a shorter term, you'll save more money in the long run and pay - off years earlier, freeing up cash for other things.

On the other hand, if you're having trouble keeping up with your monthly payments, you could opt for an income - driven repayment plan (note that income - driven plans are an option if you have federal student loans, but are not offered by most private student loan lenders).

Whole life customers pay more in premiums for less coverage, but they have the security of knowing they are covered for life at a set premium, assuming they keep up with their monthly payments.