When you borrow money, you may have a choice between a fixed-rate loan or a variable-rate loan. Read on to find out how to choose which one is right for you. Image source: Getty Images.

Although it would be ideal to provide a ‘one size fits all’ answer to the ‘fixed versus variable’ question, the reality is that the choice of which GridCredits plan you should choose should be determined by your situation, own financial goals and priorities. You need to take into account how your family uses energy and how much energy.

5 major reasons Why You Should Buy a Home Instead of Rent 5 Major Reasons Why You Should Buy a Home Instead of Rent. By njhomes April 10, 2019.. or keep it as an investment and continue to rent it. Buying a home is an important decision. It is often the largest purchase a person makes in his or her life.. there may be a risk that the house will.

Should You Choose a Fixed or Variable? Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year constant maturity treasury index, the Cost of Funds Index (COFI), and the London Interbank offered rate index (libor).

How to Buy A House When You Have Student Loan Debt – The Money Mix student loan debt soaring Among Adults Over 50, AARP Study Finds. Because college students are limited in how much they can borrow, many young. For ways to save and more, get AARP's monthly Money newsletter.. for their college education and buy homes – and then paid the debt off during.

It can also restrict you in how much extra you can pay into that loan and you could be up for substantial penalties if you decide to sell that property within the fixed term. With a variable rate..

One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is “fixed” throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.

Should You Choose a Fixed or Variable? Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year Constant Maturity Treasury Index, the Cost of Funds Index (COFI), and the London Interbank Offered Rate Index (Libor).

Should You Choose a Fixed or Variable? Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year Constant Maturity Treasury Index, the Cost of Funds Index (COFI), and the London Interbank Offered Rate Index (Libor).

Should You Choose a Fixed or Variable? Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year Constant Maturity Treasury Index, the Cost of Funds Index (COFI), and the London Interbank Offered Rate Index (Libor).

 · One of these is choosing between a fixed- or variable-interest-rate mortgage. True to its name, fixed-rate mortgage interest is fixed throughout the life of the loan. In contrast, the interest rate on a variable-interest-rate loan can change over time.