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Q: Is home mortgage a variable expense?
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What Is Variable Mortgage used For?

Variable mortgage is used for things that involve mortgage such as a house. Every time the prime rate changes, so does the mortgage, therefore the mortgage is variable.


What is an example of a variable expense?

Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.


Is a car payment a variable expense or liability?

A car is a variable expense having the following properties: Car payment ( fixed Expense) Maintenance and usage costs (variable) So in total it is a variable expense. A car payment is considered a liability.


What is example of a variable expense?

Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.


What is an expense that does not change each month?

fixed expenses do not change, variable expenses do.


Is administrative expense a fixed cost or variable?

Fixed


What is the difference between a fixed second mortgage and one with a variable rate?

The difference between a fixed second mortgage and one with a variable rate is that fixed second mortgage has a fixed rate and is commonly thought of as safer than a mortgage with a variable rate.


Which of these is an example of a variable expense?

Utilities


What does an FHA borrower's housing expense include?

You mortgage princple and interest, property taxes (city and stae if applicable), fha mortgage insurance, home owners insurance and any fees due for a community (home owners asociations).


Is tithing an acceptable monthly expense when being considered for mortgage loan modification?

Is tithing an acceptable monthly expense when being considered for mortgage loan modification?


How can one sort through variable rate mortgages?

Variable rate mortgages are mortgages that are not fixed. A person would have to decide which mortgage they would like to try for, either a fixed mortgage rate or a variable rate mortgage.


what does a mortgage calculator calculate?

How much you will be paying for a home loan based on which mortgage type is best to suit your needs I.E fixed rate or variable and how much you want to repay.