Your bank may have flexible guidelines on this, but be wary if you are carrying
a very high debt load, especially one that is much higher than it was when you took out your loan.
Not exact matches
An ominous but
very real challenge to the developed world (the US, EU, and Japan) is reckoning with
high debt loads relative to GDP - also known as Deleveraging.
For borrowers with
very high mortgage and household
debt loads, extending out the amortization period may reduce their monthly payments enough to make it possible for them to qualify for this rescue product and save their homes.