What is another word for variable rate mortgages?
Pronunciation: [vˈe͡əɹɪəbə͡l ɹˈe͡ɪt mˈɔːɡɪd͡ʒɪz] (IPA) 
Variable rate mortgages refer to loans that come with interest rates that change over time, depending on the movements of the market. These loans are also known by a variety of other names, such as adjustable rate mortgages, floating rate mortgages, tracker mortgages, and flexible mortgages. Each of these terms refers to the same basic type of loan, which allows borrowers to take advantage of shifts in economic conditions and interest rates to pay back their loans more cost-effectively. While variable rate mortgages can offer greater flexibility and potentially lower costs than fixed-rate loans, they can also be more unpredictable, requiring borrowers to carefully monitor market conditions and adjust their repayment plans accordingly.
