What Does Variable Interest Rate Mean?
Posted By admin on September 2, 2009
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The variable interest rate is adjustable. It allows the consumer to take advantage of the current economic conditions and pay a lower rate of interest on the loan; however if the economic conditions change the rate may interest. The interest rate for a variable interest loan can be effect by the money market rate, a lender’s cost of funds, or the current index of the loan that the investor has.
Originally posted 2008-12-26 12:45:44. Republished by Blog Post Promoter
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