A variable rate mortgage loan is one that changes from time to time according to the lender's discretion and market interest rates. Lenders cannot change the amount due too drastically, or they will receive negative reviews and earn customer distrust. However, many homeowners try to stay away from variable rates since they can be unpredictable.
Variable rate mortgages Print
Modified on: Wed, 12 Aug, 2020 at 3:58 PM
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