Sentences with phrase «prevent high monthly payments»

Not exact matches

In order to pay off the loan more quickly, shorter terms have higher monthly payments, which can either discourage or prevent some borrowers from qualifying.

While the loan balance will be forgiven at the expiration of the IBR program term (often 10 to 15 years), if your income rises above the maximum allowed for IBR programs, or if you make a career change that prevents you from continuing to participate in the IBR program, you will then be faced with a higher loan balance, and higher monthly payments.

If they do lend to an investor they usually charge the investor a higher interest rate which makes their monthly payment higher and may prevent the investor from having a positive cash flow every month.

As I've said a million times, it is better if you can pay the seller every month instead of getting a loan from a bank or lending institution that usually has a higher interest rate and a higher monthly payment which prevents the investor from making even a meager monthly cash flow.