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If agreed by the Bank/Loaner - fixed load has fixed interest
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What is the difference between A variable rate home loan and a fixed rate home loan?
The lender can change the rate on a variable rate loan. A fixed rate stays the same for the life of the loan.
What are fixed mortgages and what do they do?
You can get a loan with a fixed interest rate or a variable interest rate. The interest rate is the extra amount of money you have to pay back for taking out the loan. A fixed rate doesn't change the entire time you have the loan--even if the economy fails and everybody else has to get higher interest rates. However, the rates are usually set up higher and you end up paying more in the long run if you have a lengthy loan. If the economy does poorly, you might save money in a fixed rate because variable rates will spike.
What is an expense that does not change each month?
fixed expenses do not change, variable expenses do.
What is the difference between fix and variable mortgages?
The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.
What is the term for a loan in which the interest rate does not change during the entire term of the loan?
a fixed rate loan.
What is the difference between A variable rate home loan and a fixed rate home loan?
The lender can change the rate on a variable rate loan. A fixed rate stays the same for the life of the loan.
What are Fixed and variable costs in the workplace?
fixed cost will not change with the change in output variable cost will change with chang in output
What do you call a symbol that can represent a quantity?
VARIABLE. When this variable has a fixed number assigned to it and does not change, it is called a "fixed variable".
What are fixed mortgages and what do they do?
You can get a loan with a fixed interest rate or a variable interest rate. The interest rate is the extra amount of money you have to pay back for taking out the loan. A fixed rate doesn't change the entire time you have the loan--even if the economy fails and everybody else has to get higher interest rates. However, the rates are usually set up higher and you end up paying more in the long run if you have a lengthy loan. If the economy does poorly, you might save money in a fixed rate because variable rates will spike.
How do fixed cost different from variable cost?
Variable costs are different in this sense that fixed cost remains fixed and it has no impact of change in production level while variable cost changes with the change in production level.
What is an expense that does not change each month?
fixed expenses do not change, variable expenses do.
What is the Synonym for constant variable?
Fixed Change
Is mortgage payment a variable cost?
Mortgage payment can either be fixed or variable cost. A fixed cost means the interest rate charged on the loan will remain the same for the loan's entire term. A variable cost means the interest rate changes or decreases as time pass.
How can you change from fixed interest rate to variable interest rate before the contract period for fixed rate is over?
You will have to check with your loan supplier. they are the only people who can fully answer that question. Different banks have different rules.
Are payroll taxes variable or fixed?
Taxes are fixed, but may change at anytime.
Why should a student look into a fixed rate student loan?
A student should look into a fixed rate student loan in case the rate is lower than the variable rate. If it is lower, it is best to take the fixed rate. That way, if the variable rate goes up later on, you'll still get that lower, fixed rate.
Can I Fix The Rate On My Small Variable Rate Business Loan?
In case you wish to fix your rates of interest, the lender can convert your variable loan to some fixed loan. A renegotiation fee may apply and also the appropriate documentation should be executed prior to the fixed rate of interest is applicable.
