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
23,849,576 questions answered
Popular Conversations
3. The owner s equity division should contain what account(s)? A. 31 ...
Weegy: B. 31 P. Woodsley?Capital 32 Merchant?s Bank
2/6/2016 3:21:32 AM| 1 Answers
Crisis is synonymous with conflict. true or ...
Weegy: Communication is synonymous with conversation, delivery, transmission and many more.
2/6/2016 7:55:12 AM| 1 Answers
The events in a short story follow a natural, logical order. True or ...
Weegy: true The events in a short story follow a natural, logical order.
2/6/2016 7:51:04 AM| 1 Answers
Which term refers to all areas of Earth where life exists? biosphere ...
Weegy: Biome: a major ecological community, extending over a large area and usually characterized by a dominant ...
2/6/2016 7:56:20 AM| 1 Answers
Weegy Stuff
S
Points 210 [Total 607] Ratings 0 Comments 210 Invitations 0 Offline
S
P
P
Points 142 [Total 949] Ratings 0 Comments 142 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 106 [Total 11279] Ratings 0 Comments 106 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 19 [Total 29] Ratings 0 Comments 19 Invitations 0 Offline
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
R
Points 2 [Total 438] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)