The term "variable rate mortgage" refers to the type of home loan where the interest rate fluctuates based on market conditions. The antonyms of this term include "fixed-rate mortgage" or "fixed-term mortgage." A fixed-rate mortgage offers an interest rate that remains the same throughout the life of the loan, providing borrowers with certainty and stability in their monthly payments. On the other hand, a fixed-term mortgage has an interest rate that changes periodically but only for a predetermined period, typically anywhere from one to ten years. While variable rate mortgages can be more affordable in the short term, fixed-rate or fixed-term mortgages provide peace of mind and allow for better long-term financial planning.

What are the antonyms for Variable rate mortgage?

• n.

  • adjustable-rate mortgage
  • FRM
  ,
  • conventional mortgage
  ,
  • fixed-rate mortgage
  .

Related words & questions

Related words: rate mortgage, fha mortgage, what is a variable rate mortgage, fixed v. variable rate mortgage, is a fixed mortgage good, does a variable rate mortgage have a risk, do you need a lock-in period for a variable rate mortgage, VA mortgage rates

Related questions:

How do you get a variable rate mortgage?

What is a typical variable?

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