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tvp2003 · 08-29-2023, 10:42 AM

I had never even heard of an "adjustable rate" mortgage until I read about it on CP a few years ago. In my mind there were only two options:

- fixed rate mortgage -- obvious, the rate is fixed
- variable rate mortgage -- the rate is variable and therefore your payments are variable

08-29-2023, 10:42 AM	#1829
tvp2003 Franchise Player Join Date: Mar 2006 Exp:	I had never even heard of an "adjustable rate" mortgage until I read about it on CP a few years ago. In my mind there were only two options: - fixed rate mortgage -- obvious, the rate is fixed - variable rate mortgage -- the rate is variable and therefore your payments are variable