释义 |
variable rate mortgage in American English a mortgage involving a loan with a variable interest rate over the period of the loan Examples of 'variable rate mortgage' in a sentencevariable rate mortgage Does your variable rate mortgage have any restrictions?But is a variable rate mortgage always the answer?If you have a variable rate mortgage, your monthly costs may change.Variable-rate mortgage: interest rate is adjusted by lender.Borrowers unlucky enough to have to go onto a standard variable rate mortgage would have faced a monthly bill for 931, up 264.You will only be hit if you are on a variable-rate mortgage and your lender decides to pass on the increase.You can choose a fixed-rate or variable-rate mortgage, which will often depend on how much risk you are prepared to take.If you would prefer a variable-rate mortgage, a tracker is a better option than a discount.Is a variable-rate mortgage always best? |