Sentences with phrase «unaffordable payments for»

Not exact matches

Personal loan APRs tend to be on the double - digit higher side even for borrowers with stellar credit — and we all know that inflated interest rates may raise the chance of making payments unaffordable and missing them.

Add $ 270 in HOA dues, and just $ 1,190 is available for mortgage payments — the loan amount falls to 241,900 — $ 54,850 less, enough to make many properties unaffordable and off - limits.

When reviewing our policies, research has shown that these loans can result in unaffordable payment and high default rates for users so we will be updating our policies globally to reflect that.»

Due to the shorter term, the monthly payments on a 15 - year mortgage may be unaffordable for many home buyers.

People were in houses they couldn't afford otherwise thanks to no - doc loans, interest only loans and ARMs with super-low interest rates for the first five years that then ballooned and made the house payment unaffordable.

Even the townhouse wasn't purchased the traditional way for young folks — with no down payment and unaffordable payments.

«Our research found that unaffordable rents are making it hard for people to save for a down payment... There are good reasons to rent temporarily — when you move to a new city, for example — but from an affordability perspective, rents are crazy right now.

Even if you do have a good credit score and sufficient down payment intact, it is never a good idea to sign up for a very large debt that may turn out to be unaffordable in the future.

In other words, is it possible for me to catch up on my mortgage payments, or is the loan simply unaffordable for me?

With their other debt, even the ICR will create a difficult obstacle because the payment makes no allowance for other type of debt just because it is unaffordable.

For many, the economic crisis and the housing bubble lowered the value of their home and made their mortgage payments unaffordable.

If the premium payments become unaffordable for you and you stop paying them, your policy is likely to be cancelled.

Furthermore, the ballooning payments are more often than not, totally unaffordable for most people who are on a fixed income.

In the event of your death, your family will still be accountable for mortgage payments, which may be unaffordable without your contribution.

However, the need to make a large premium payment to purchase an adequate benefit may make the coverage unaffordable for many people.

This could be life altering for the low - income population whose funds mostly go towards mortgage payments and other bills, making preventative measures against flooding an unaffordable expense.

Pulse surveys for the past eight years have consistently reported that having enough money for a down payment and closing costs are top obstacles that make housing unaffordable for Americans.