arlissa1 arlissa1

19-03-2018
Mathematics

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Which is one difference between fixed rate mortgages and variable-rate mortgages?

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danceprinces danceprinces

19-03-2018

The difference between a fixed rate and an adjustable rate mortgage is that, for fixed rates the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down.

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