Sentences with phrase «meet that obligation comfortably»
After all, that is the main problem usually — not being able to meet that obligation comfortably.
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According to personal finance site WalletHub, achieving «wallet fitness» means you're in a stable financial position and able to comfortably meet existing obligations and plan for the future.
This will help you know how much you can comfortably pay every month and still be able to meet other obligations.
If you are able to comfortably meet your current obligations, ask your Realtor and Mortgage Banker to put together some scenarios for you so you can evaluate how much money you will need for the transaction (both to purchase your second home and to qualify for the loan) and whether you will retain enough liquidity after closing to support both properties.
Risk transference — by undertaking a reinsurance deal an insurance company can trade off aspects of the risks involved, possibly in cases where some of the risk does not fall directly into the normal areas of operating expertise or where the risk is too great for the insurance company to comfortably meet its obligations under a policy should a claim be made against it.