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When is it better to use a variable loan instead of a fixed rate loan?

Nicholas Rivera

in Student Loans

1 answer

1 answer

Bethany Evans on September 8, 2018

I'm not sure that it is always "better". If you have a crystal ball and can predict exactly what the economy and banking are going to make the life of your loan, you may well see that a variable rate loan would be in your best interest. But while you may pay more in the long term, a fixed rate loan is much safer. There is much to say. And if, perchance, you are ready to buy a home now, for the love of god go with a fixed rate loan! You can't miss!

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