Sentences with phrase «large monthly payments towards»

However, even though decisions like Fecek demonstrate that courts may be willing to allow a debtor (even one with a good salary) to at least partially discharge his student loan debt, they does not provide a windfall for the debtors because, like the debtor Fecek, the debtor will still have to make sacrifices to make large monthly payments towards the remaining student loan debt.

Not exact matches

Keep in mind that a larger down payment makes for lower monthly payments and factor in some savings towards that end.

A lower interest rate means lower interest charges per month, which in turn means that a larger portion of your monthly payments go towards paying your car loan principal (i.e. how much you borrowed) and less goes towards paying interest to your lender.

If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest.

Because of the tradeoffs surrounding the issue, Hillary's plan is aimed towards those who can afford larger monthly payments but a lower interest rate.

Alternatively, a larger down payment will also allow you to pay smaller monthly amounts towards your mortgage, giving you wiggle room to save for a car, pay off other debts, or put aside money for emergencies.

@Andrew Ware What @Brian Cardwell said is true but in addition, the reason for doing it this way in large chunks rather than just making an extra $ 700 or whatever payment each month is that it pushes you much farther ahead in your payment schedule so that each subsequent normal monthly payment is paying more towards the principal and less in interest.