For Variable Interest Rate we have terms and definitions in 4 topics. The topics are Car Buying, Finance, Real Estate and Real Estate Appraisal.

Variable Interest Rate (Car Buying)

An interest rate on a loan that fluctuates according to changes in the prime lending rate.

Variable Interest Rate (Finance)

See: Adjustable rate

Variable Interest Rate (Real Estate)

An interest rate that fluctuates as the prevailing rate moves up or down. In mortgages there are usually maximums as to the amount and frequency that rate can change. Most have lifetime caps.

Variable Interest Rate (Real Estate Appraisal)

Also called "Flexible Interest Rate". An interest rate that fluctuates as the prevailing rate moves up or down. In mortgages, there are usually maximums as to the frequency and amount of fluctuation.

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