Sentences with phrase «meet their monthly obligations while»
Interest rates have never looked better, even for those whose credit has been damaged by their inability to meet their monthly obligations while trying to pay a mortgage that might have tripled in size since it was first written.
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While profits are important for the longevity of your business, you need positive cash flow in order to meet your monthly financial obligations.
While many may currently be meeting their monthly payment obligations, a recent study done by TransUnion determined that even a 1 % increase in interest on mortgages could be seriously problematic for the average Canadian family.
Build up at least a few months» worth of expenses while still meeting all of your other monthly obligations.
One - third of Canadians are currently unable to meet their monthly bills and debt repayment obligations, while one in three fear they may face bankruptcy if interest rates go up too drastically.
«Canadians whose monthly housing expenses exceed a maximum GDS ratio of 32 per cent risk overextending themselves and could face challenges in meeting their mortgage obligations, while those who underestimate housing costs may be taken aback by the reality of rising housing costs in Canada,» says John Schipper, president of Mortgage Intelligence.