What are variable rate mortgages?

Answer A variable-rate mortgage is more commonly called an adjustable-rate mortgage, or ARM. Unlike a fixed-rate mortgage, where your interest rate remains the same for the life of the loan, adjustable-ra... Read More »

Top Q&A For: What are variable rate mortgages

Variable Rate Vs. Fixed Rate?

An interest rate is the cost incurred for borrowing funds from a lender, such as a bank or a business. Examples include interest charged on mortgage loans, business loans, credit cards and personal... Read More »

Would the base used to calculate the variable overhead rate be the same as the fixed overhead rate?

Yes. Calculate the variable overhead rate by dividing variable overhead by production to get a variable overhead per unit rate. Calculate the fixed overhead rate by dividing the fixed overhead by p... Read More »

What Is an IRA Variable Rate?

An IRA (individual retirement account) variable rate is the percentage used to calculate the amount of interest paid on the IRA increases and decreases over time rather than remaining level or fixe... Read More »

What is a variable rate loan?

When you borrow money, your lender typically requires you to pay back additional money known as interest, which is based on a percentage of the amount borrowed. A variable rate is one type of inter... Read More »