What is another word for variable-rate mortgages?
Pronunciation: [vˈe͡əɹɪəbə͡lɹˈe͡ɪt mˈɔːɡɪd͡ʒɪz] (IPA) 
Variable-rate mortgages are sometimes referred to as adjustable-rate mortgages and are a type of loan where the interest rate can fluctuate over time. They may also be known as floating rate mortgages, as the interest rate changes in response to market conditions. Another synonym for variable-rate mortgages is flexible mortgages, as they often come with more flexible repayment options. In some regions, they are also referred to as tracker mortgages or rate-linked mortgages. These types of mortgages can be a good option for some homebuyers as they can offer lower initial rates than fixed-rate mortgages, but they do come with the added risk of interest rate fluctuations.
