It’s an age-old option:fixed vs. variable rate.
With fixed rates, you’re able to lock in a decent price.
Over at CommonBond, writer Kaitlin Butler focuses on fixed vs. variable rate loans.
But it’s not just loans that offer variable or fixed rates.
And some of Butler’s advice could apply to any fixed vs. variable scenario.
- How often can the rate vary?
confirm you won’t face any surprises when it comes time to make payments.
- Do you have a maximum rate?
(You should strongly consider avoiding lenders that will not offer you a maximum rate cap.)
The Questions To Ask Before Signing Up for a Variable Rate Loan| CommonBond
Photo byDaniel Foster.
