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In a fixed rate mortgage you know exactly how your loan isamortized over the next 10, 15, 10 or 30 years. You know exactly what your monthly payment will be until the loan is satisfied.
In an adjustable rate mortgage you will be informed as to when your rate will 'adjust' up or down and what to expect your new monthly payment to be.
If you are like most who truly budget their funds, it's best to have a fixed rate unless you do not intend to be in you home for more than the ARM (adjustable rate mortgage) term- 1 yr arm, 2 yr arm, 5 yr arm...
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What is the advantage of consolidation company?
Well, the main advantage of debt consolidation company is that it can help you reduce your debt as you will get the lower interest rates. Besides, after your debt is consolidated, you will have to make only one monthly payment instead of multiple. Moreover, your credit score will be improved as debt consolidators will repay the whole amount of your debt at once.
What are the main differences between fixed and variable annuities?
Fixed annuities offer a guaranteed interest rate for a set period, while variable annuities allow you to invest in different funds that can fluctuate in value. Fixed annuities provide a stable income stream, while variable annuities offer the potential for higher returns but also come with more risk.
What are the differences between fixed and variable APR, and how do they impact the overall cost of borrowing?
The main difference between fixed and variable APR is that fixed APR stays the same throughout the loan term, while variable APR can change based on market conditions. Fixed APR provides more predictability in monthly payments, while variable APR can lead to fluctuating payments. The impact on the overall cost of borrowing is that fixed APR offers stability and easier budgeting, while variable APR can result in lower initial rates but potentially higher costs over time if rates increase.
What are the characteristics of variable life insurance?
Variable life insurance is a form of life insurance which protects the beneficiary upon death. The main advantage to this type of life insurance is that this insurance allows for many investing opportunities whilst the earnings being tax free.
What were the main advantages and disadvantages of buying on credit?
The main advantage of buying on credit is the ability to make purchases without having to pay the full amount upfront. This can provide flexibility and convenience. However, the main disadvantage is the potential for accumulating debt and paying high interest rates, which can lead to financial strain if not managed carefully.
What is the advantage of consolidation company?
Well, the main advantage of debt consolidation company is that it can help you reduce your debt as you will get the lower interest rates. Besides, after your debt is consolidated, you will have to make only one monthly payment instead of multiple. Moreover, your credit score will be improved as debt consolidators will repay the whole amount of your debt at once.
What are the main differences between fixed and variable annuities?
Fixed annuities offer a guaranteed interest rate for a set period, while variable annuities allow you to invest in different funds that can fluctuate in value. Fixed annuities provide a stable income stream, while variable annuities offer the potential for higher returns but also come with more risk.
What are the differences between fixed and variable APR, and how do they impact the overall cost of borrowing?
The main difference between fixed and variable APR is that fixed APR stays the same throughout the loan term, while variable APR can change based on market conditions. Fixed APR provides more predictability in monthly payments, while variable APR can lead to fluctuating payments. The impact on the overall cost of borrowing is that fixed APR offers stability and easier budgeting, while variable APR can result in lower initial rates but potentially higher costs over time if rates increase.
What are the restrictions for a private limited company?
fixed and variable costs.. = all overheads fixed: salaries in some cases some supplier buills variable: petrol - travel storage rent
What are the two classifications of family expenditures?
A family's expenses can be budgeted under two main categories, fixed and variable. Fixed expenses are those such as insurance premiums which do not change from month to month, while a variable expense would be one such as an electric bill which can vary widely from month to month.
What is the difference between fixed and variable partition?
in the fixed partition the partition is once allocated is fixed. in fixed partition more memory wastage because of internal & external fragmentation.... in variable partition when a process comes then according to need of process the size of memory is allocated to the process
What is the main advantage of it?
You are not specific enough. The main advantage of what? It does not make any sense.
What are the main parts of of a controlled experiment?
The main parts of a controlled experiment are the dependent variable and the independent variable. The dependent variable is what is measured in the experiment. The independent variable is the variable that is varied or manipulated by the researcher. The independent variable is the presumed cause, whereas the dependent variable is the presumed effect.
How many types of pulleys are there?
There are three main types of pulleys: fixed pulleys, movable pulleys, and compound pulleys. Fixed pulleys are attached to a structure and change the direction of the force applied. Movable pulleys are attached to the object being moved and provide mechanical advantage. Compound pulleys combine fixed and movable pulleys to increase both the weight capacity and mechanical advantage.
What are the characteristics of variable life insurance?
Variable life insurance is a form of life insurance which protects the beneficiary upon death. The main advantage to this type of life insurance is that this insurance allows for many investing opportunities whilst the earnings being tax free.
What are the advantages of the IVA mortgage system?
The main advantage of an IVA or Individual Voluntary Arrangement, is for someone to get help after dealing with debt problems. IVA's are available in England, Wales and Northern Ireland.
The main advantage of ECL over TTL?
The main advantage of ECL over TTL is speed.
