| Variable Rate |
|
|
|
|
Variable Rate - In a variable interest loan, the interest rate changes periodically in relation to an index. For example, the interest rate might be linked to the cost of US Treasury Bills and be updated monthly, quarterly, semi-annually, or annually. A Mortgage of this type are more commonly known as an Adjustable Rate Mortgage (ARM). |
| < Prev | Next > |
|---|
