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xkekg34fa
Posted: Wed 12:21, 23 Oct 2013
Post subject: abercrombie milano The Benefits Of A Variable Rate
By:
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This type of loan has a changing interest rate. Usually, the APR of the loan will track the base rate of interest, but obviously a few points above this. This means that should the interest rate fall, then the rate of the loan will likely fall. However, if the rates rise then so will the APR of your loan.
Interest rate risk
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Rates cap
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Variable rate is lower
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Other costs
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Variable or fixed?
In the current climate, a variable interest rate loan will normally be cheaper than a similar fixed rate loan. However, you need to make sure you can afford the repayments if the rates should increase. If you do this then you can take advantage of low interest rates and get a great deal on your variable rate loan.
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