Asked by jo jo
Discuss one of the risks of a variable rate loan. What is your experience with this type of loan? Under what circumstances would you consider agreeing to a variable rate loan?
Answers
Answered by
Ms. Sue
A variable rate loan may increase the interest rate and thus make it unaffordable for you.
http://www.google.com/search?source=ig&hl=en&rlz=1G1GGLQ_ENUS374&q=variable+rate+loan+risks&aq=2&aqi=g6g-m4&aql=&oq=variable+rate+loan&gs_rfai=C65Fr8J1PTM_gNJmMhQSLxvCJBAAAAKoEBU_QdZj9
I've never had a variable rate loan. Have you?
When would YOU accept a variable loan rate?
http://www.google.com/search?source=ig&hl=en&rlz=1G1GGLQ_ENUS374&q=variable+rate+loan+risks&aq=2&aqi=g6g-m4&aql=&oq=variable+rate+loan&gs_rfai=C65Fr8J1PTM_gNJmMhQSLxvCJBAAAAKoEBU_QdZj9
I've never had a variable rate loan. Have you?
When would YOU accept a variable loan rate?
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