Question and answer
describe a variable rate loan.
Variable rate loans are lines of credit or closed-end credit accounts that offer interest rates that can fluctuate. [ Different from fixed-loan rates, variable rate loans are often tied to certain market indexes that adjust based on economic conditions. Read more: What Is a Variable Rate Loan? (SOURCE: ) ]
Expert answered|jeifunk|Points 1125|
Question
Asked 2/7/2012 4:41:12 PM
Updated 2/7/2012 5:04:48 PM
1 Answer/Comment
Get an answer
New answers
Rating
0
[Deleted]
Added 2/7/2012 5:04:49 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
describe the major steps to making a large purchase.  Why is it important to go through these steps when you are planning on making a large purchase?
Weegy: First and foremost is to establish a baseline for a large purchase , in layman's term its purely knowing your needs and aligning this with your budget. Automate your savings , save money for the large purchase rather placing it o credit. [ You should make a comparison canvassing on the large purchase you are planning , so you can at least get what you want in fair market value. It is important to go through these steps when you are planning on making a large purchase because otherwise you will end up with something you do not need and cannot afford. ] (More)
Question
Expert Answered
Asked 2/7/2012 3:54:53 PM
0 Answers/Comments
describe a variable rate loan. Discuss an advantage of a variable rate loan. Discuss one of the risks of a variable rate loan.
Weegy: variable-rate mortgage, also commonly referred to as an adjustable-rate mortgage or a floating-rate mortgage, is a loan in which the rate of interest is subject to change. [ When such a change occurs, the monthly payment is "adjusted" to reflect the new interest rate. Over long periods of time, interest rates generally increase. An increase in interest rates will cause the monthly payment on a variable-rate mortgage to move higher. ] (More)
Question
Expert Answered
Asked 2/7/2012 4:28:33 PM
0 Answers/Comments
19,238,901 questions answered
Popular Conversations
The slope of the line passing through the points (-1, 5) and (3, 5) ...
Weegy: (-1) * 5 = -5 User: what is the slope of the line passing thru (0,4) and (-8,-1) User: What is the slope of ...
1/29/2015 4:21:11 AM| 2 Answers
true or false. A pronoun is a noun substitute.
Weegy: They is a pronoun. User: true or false. A noun indicates the action in a sentence.
1/29/2015 8:22:51 AM| 2 Answers
Select the correctly written sentence in this group. a. Without a ...
Weegy: The correct sentence is: Without a plan for the weekend, we decided to take in a Saturday matinee. User: ...
1/29/2015 4:16:00 PM| 2 Answers
Weegy Stuff
S
L
Points 2065 [Total 2086]| Ratings 0| Comments 2065| Invitations 0|Offline
S
L
P
L
P
Points 1370 [Total 6647]| Ratings 0| Comments 1370| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
P
Points 716 [Total 15727]| Ratings 1| Comments 706| Invitations 0|Offline
S
L
Points 438 [Total 1119]| Ratings 2| Comments 418| Invitations 0|Offline
S
1
L
L
Points 303 [Total 7003]| Ratings 1| Comments 293| Invitations 0|Online
S
Points 121 [Total 136]| Ratings 1| Comments 111| Invitations 0|Offline
S
P
C
L
P
L
1
Points 92 [Total 6680]| Ratings 1| Comments 82| Invitations 0|Offline
S
L
Points 83 [Total 1644]| Ratings 0| Comments 83| Invitations 0|Online
S
Points 63 [Total 445]| Ratings 0| Comments 63| Invitations 0|Offline
S
Points 50 [Total 52]| Ratings 0| Comments 0| Invitations 5|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.