What is a Variable rate home loan?

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12th May 2010 by JonB

A variable rate mortgage usually refers to a mortgage that has a low fixed rate for the first few years, and then the rate may start to change. How much it can change and how much ti can go up may or may not be limited depending on what kind of loan it is. Some can adjust every month and some only every year.

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24th Apr 2010 In Mortgage 1 Answers | 441 Views

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