Sentences with phrase «made the house payment unaffordable»

People were in houses they couldn't afford otherwise thanks to no - doc loans, interest only loans and ARMs with super-low interest rates for the first five years that then ballooned and made the house payment unaffordable.

Not exact matches

For many, the economic crisis and the housing bubble lowered the value of their home and made their mortgage payments unaffordable.

Pulse surveys for the past eight years have consistently reported that having enough money for a down payment and closing costs are top obstacles that make housing unaffordable for Americans.