Advantage |
- Rates and payments remain fixed for the entire life of your loan. Even if the market changes, your loan payment won’t, giving you peace of mind.
- Stability = better budgeting. People can manage their money with more certainty because their payments don't change.
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- In exchange for possible future rate adjustments, variable product features lower initial rates and payments.
- Help you save and invest more money. If you save $200 less payment from variable product, you can save that money and invest it to higher yielding investment.
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