Phrases with «variable mortgage»

A variable mortgage is a type of home loan where the interest rate can change over time. This means that the amount of money you have to pay each month towards your mortgage may fluctuate depending on any changes in the interest rate. Full definition

Related phrases

Sentences with «variable mortgage»

  • This would drive the rates of variable mortgage rates higher but leave homeowners who have fixed rates intact. (syndicatemortgages.com)
  • My advice would be for individuals with variable mortgage rates to consider locking down a fixed mortgage rate. (thestar.com)
  • Also the interest rates for the first five years are lower for variable mortgages. (syndicatemortgages.com)
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