Adjustable-Rate Loans: Pros, Cons, and How They Work

Schuppjoel13 Aug, 2024Finance

They can also make sure they are borrowing at opportune times, when economic conditions are favorable for lower rates. It's also helpful to compare the interest rates offered by different lenders and to read the fine print. Some loans have fixed interest rates that do not change, while others have variable rates that fluctuate over time based on factors like inflation or a market index.