discuss th
One of the risk of a variable rate loan is that the interest rate will increase and therefore the money you have borrower monthly payment will increase to a point that you many not be able to repay. [ [ [ [ which can result in late fees, and even foreclosure and in some cases the lost of property if rate get too high and you decide to convert to a fixed-rate loan, be prepared to pay a conversion fee. ] ] ]
Question
Asked 6/18/2012 11:06:55 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Rating
There are no new answers.