Sentences with phrase «risk as the monthly payments»

Keep in mind that all adjustable - rate mortgages carry risk as the monthly payments can change, sometimes sharply if the timing isn't right.

Not exact matches

As an entrepreneur, you're probably very familiar with debt and loans and monthly payments, but just because you're willing to take risks in the business world doesn't mean you should risk your personal finances.

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.

Byline assumes the residual and obsolescence risk of the equipment and monthly payments can typically be deducted as operating expenses.

For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default.

The best mortgage lenders will take the time to explain what will happen to your monthly payment under different scenarios and help you understand the benefits as well as the risks.

Because the CMHC is getting paid to assume the bank's risk, and anyone who can't (or just doesn't) put at least 20 % down is viewed as a bigger risk — a greater chance of not being able to afford monthly payments or defaulting.

A better option is to pay back the loan quickly to minimize the amount you pay in interest, get rid of the monthly payment and eliminate the risk of having your home as collateral for a secondary purchase.

On the other hand, there is a risk that if interest rates go up, the price of homes will go down as people won't be able to afford as much because their monthly payments will be higher.

If you flag as having a lot of student loan debt, or they have concerns about you making your minimum monthly payment, you will be flagged as high risk.

If your score is too low, landlords will view you as a risk to miss your monthly rental payments.

Fannie Mae's announcement says, in part, «A borrower whose revolving credit utilization is high and / or who only makes the minimum monthly payment each month will be considered higher risk as it indicates the borrower may have trouble making payments in the future.»

Depending upon the severity of his asthma, tobacco use, and if there are any other issues that the underwriters may consider a risk, the chart below can be used as an estimate of his monthly payments were he to buy a 30 - year, $ 150,000 term life insurance policy.

Be sure to carefully assess your monthly budget before committing to such an additional expense, as late or missed payments can put your home at risk of foreclosure.

The biggest risk would be investing in real estate without knowing the risks, or just plain lack of experience.By investing through our program you are investing in experts who have done all of the research on the investment for you.We have mitigated every possible risk and through our program they are narrowed down to just a few: firstly, if the tenants walks away from the property.This is highly unlikely, since the tenant would also be walking away from their down payment as well a large sum of money they would have saved in a mandatory trust through the monthly lease option payments.Furthermore, if they do actually walk away, we have ensured that the property is in a sought - after neighbourhood and city, in which case we will find another lease to own tenant and take another down payment.Secondly, if the tenant is not able to qualify for a mortgage at the end of the lease term, we may extend the term until they qualify, or in a worst case, ask them to leave and find a new tenant.

Instead of minimum monthly payments, as with a home equity loan, you'll have set monthly payments that you'll need to make for a set term or risk default.