Sentences with phrase «sudden financial shock»

Any sudden financial shock can put those mortgage payments behind, and once they fall behind it can be difficult to catch up, especially if the mortgage payment is a large one.

Not exact matches

They also fear that at such elevated levels, many Canadian households would be unable to withstand a financial shock such as a loss of income, or a sudden spike in interest rates that raised debt services charges.

You're probably feeling shocked or worried about the sudden change in your financial status.

Second, because of the sudden nature with which dramatic shifts can occur in sectors and financial markets outside commercial real estate, economic shocks can occur much more suddenly than many in the commercial real estate industry may realize.