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Mathematics 18 Online
OpenStudy (oshieanna):

What is one different between fixed- rate mortgages and variable -rate mortgages

OpenStudy (jadeishere):

Right in the names, it's clear :) Fixed-Rate = the interest will not go up or down, it will stay the same, indefinitely, or until the mortgage is paid off. Variable-rate (It's adjustable) = the interest may or may not get higher or lower. No definite interest rate

OpenStudy (triciaal):

minor correction to the above fixed rate not iindefinite but for the life of that loan.

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