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What a Variable-Rate Loan Is and How It Works

If you’re shopping around for loans, you might notice that some have a “fixed rate” and others have a “variable rate.”  A variable-rate loan may start with a lower rate than a fixed-rate loan, which can make it a more appealing option. When money’…

If you’re shopping around for loans, you might notice that some have a “fixed rate” and others have a “variable rate.”  A variable-rate loan may start with a lower rate than a fixed-rate loan, which can make it a more appealing option. When money’s tight, the type of interest rate you choose can have a […]

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