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
Ask a question
Not a good answer? Get an answer now. (FREE)
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 ... (More)
Question
All Categories|No Subcategories|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
All Categories|No Subcategories|Expert Answered
Asked 2/7/2012 4:28:33 PM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
hat are the square roots of 324? A. 162 and –162 B. 19 and ...
Weegy: What are the square roots of 324? C. 18 and –18
4/17/2014 10:38:56 AM| 8 Answers
The Filipinos call it the Luzon Sea and the Vietnamese call it the ...
Weegy: The Filipinos call it the Luzon Sea and the Vietnamese call it the East Sea, but however it's named, the SOUTH ...
4/17/2014 6:25:33 PM| 4 Answers
WHAT IS NOUN?
Weegy: Nouns are a part of speech typically denoting a person, place, thing, animal or idea. User: WHAT IS ADMIRAL
4/17/2014 4:12:27 AM| 3 Answers
Read the sentence below and answer the question that follows. ...
Weegy: Kindly underline the verb indicated.
4/17/2014 10:31:56 AM| 3 Answers
Which of the following is a solution of y + x
Weegy: One number exceeds another by -5. The sum of the numbers is -1. The numbers are -3 and 2. User: A 20% acid ...
4/17/2014 4:31:53 PM| 3 Answers
The great increase in federal programs beginning in the 1930s called ...
Weegy: The great increase in federal funding during the beginning of the 1930s was caused by the Great Depression and ...
4/17/2014 4:15:00 AM| 2 Answers
the climax of McClellan's Peninsular campaign in Virginia
Weegy: the climax of McClellan's Peninsular campaign in Virginia McClellan’s Peninsula campaign in the spring of 1862 ...
4/17/2014 4:46:05 AM| 2 Answers
what is diode.?
Weegy: it is a Electronics (a semiconductor device with two terminals ,typically allowing the flow of current in one ...
4/17/2014 4:51:30 AM| 2 Answers
What is the meaning of life today?
Weegy: What is the meaning of life today? A problem with this question is that it is not clear what sort of answer is ...
4/17/2014 5:30:49 AM| 2 Answers
Water sources in the Middle East are __________. A. easily ...
Weegy: Water sources in the Middle East are limited.
4/17/2014 7:08:31 AM| 2 Answers
Kasimir Malevich's images had no reference at all to ...
Weegy: nonrepresentational [ ...
4/17/2014 10:04:42 AM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1443 [Total 6830]| Ratings 0| Comments 1443| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1430 [Total 9311]| Ratings 0| Comments 1430| Invitations 0|Offline
S
1
L
1
L
P
Points 431 [Total 7108]| Ratings 1| Comments 421| Invitations 0|Offline
S
L
Points 379 [Total 2826]| Ratings 2| Comments 349| Invitations 1|Offline
S
Points 149 [Total 565]| Ratings 0| Comments 149| Invitations 0|Offline
S
1
Points 138 [Total 468]| Ratings 3| Comments 108| Invitations 0|Offline
S
R
Points 120 [Total 232]| Ratings 5| Comments 60| Invitations 1|Offline
S
Points 113 [Total 757]| Ratings 1| Comments 103| Invitations 0|Offline
S
Points 105 [Total 105]| Ratings 5| Comments 35| Invitations 2|Offline
S
P
C
L
P
Points 76 [Total 3921]| Ratings 0| Comments 76| Invitations 0|Offline