The parent variable
rate loan product increased to between 4.5 percent to 10.87 percent from a previous range of 4.37 percent to 10.74 percent.
* Savings are based on savings of Mosaic borrowers between 11/3/2014 - 9/30/16 using our 20 year
choice rate loan product.
That could lead to the end of long - term
fixed rate loan products, like the 30 - year fixed rate mortgage, and drastically raise the cost of mortgage capital for millions of American consumers.
If you decide to initially refinance your student loan debt with a
variable rate loan product, just remember that if rates begin to increase, you can refinance again in the future with a fixed rate loan from Education Loan Finance at no cost to you.
Introduced in May, the Commercial Real Estate and Economic Development Act would provide a much - needed new dimension and offer borrowers a fixed - rate alternative to the floating -
rate loan products that dominate the commercial real estate refinance market now, Vohryzek said.