Sentences with phrase «owe larger monthly payments»
Students who rack up a large amount of debt and begin their careers in an entry - level position can be particularly at risk, especially if they owe larger monthly payments on high - interest debt, such as private student loans.
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The more money a person owes, the larger the monthly payment will be.
As the borrower doesn't make monthly payments, the owed amount gets larger over time, which can be larger than the money from the sale proceeds of the home to pay back the loan.
Because you make no monthly payments, the amount you owe grows larger over time.