You have new items in your feed. Click to view.
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
27,212,960 questions answered
Weegy Stuff
S
Points 547 [Total 648] Ratings 0 Comments 547 Invitations 0 Offline
S
Points 499 [Total 499] Ratings 0 Comments 499 Invitations 0 Offline
S
P
P
L
P
Points 219 [Total 1537] Ratings 1 Comments 209 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 158 [Total 1610] Ratings 1 Comments 148 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
P
P
Points 15 [Total 745] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Online
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Online
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.