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  #1  
Old 05-18-2017, 09:02 AM
personallawyerflorida personallawyerflorida is offline
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Post Which is better, a fixed or variable rate loan?

Plz give me a right suggestion about the question.....
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Old 06-07-2017, 01:35 AM
divi divi is offline
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Default Re: Which is better, a fixed or variable rate loan?

Fixed rate loan is your interest would be fixed. There won't be any changes in the interest rate.It would be the same interest rate you need to pay which you agreed upon while taking the loan. Where as variable interest rate is the interest rate keeps changing according to the market and it also depends on the outstanding balance. Fixed rate you would pay so much interest by the end but in variable you can save whenever there is drop in the interest rate. But there can be a raise in the interest rate also. So it would be better if you calculate it with the loan amount you needed. http://www.mymoneysouq.com/loans/com...onal-loans-uae
Check this. May be you will get a clear idea.
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Old 08-16-2017, 12:54 AM
emortgageconnect emortgageconnect is offline
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Default Re: Which is better, a fixed or variable rate loan?

Ultimately it depends on your goals. If you expect to still have the debt or not. Where you think the market will go, etc.
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Old 08-16-2017, 03:41 PM
Kuznec Kuznec is offline
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Default Re: Which is better, a fixed or variable rate loan?

The fixed rate is more reliable, believe in my experience, I know what I'm saying.
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Old 09-07-2017, 02:16 AM
g_nicks g_nicks is offline
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Default Re: Which is better, a fixed or variable rate loan?

Almost always fixed. With a fixed rate mortgage you hold the whip. If interest rates decline you can refinance though that may involve a penalty. If interest rates go up (and in this environment that is pretty likely to happen) your lower rate is locked in. I suppose that in a high interest environment ARMs might have an advantage in that if rates decline the rate on your mortgage will decline without the need to refinance.
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