A variable interest rate is an interest rate that can change over time. This type of interest rate is often used in adjustable-rate mortgages (ARMs) or other types of loans where the interest rate is not fixed. With a variable interest rate, the interest rate can change based on a variety of factors, such as market conditions or changes in the lender's cost of funds. This means that the monthly payments on a loan with a variable interest rate can change over time, which can make budgeting for the loan more difficult.
Back
What does variable interest rate mean?
Related terms
Fee Simple Defeasible
Title Company
Purchase Agreement
Cantilever
Buyer Broker
Lease Buyout
Triple Net (NNN)
Chain of Title
Construction Loan
Administrator
Principle of Conformity
Escrow
Assumption
Government National Mortgage Association
Rehabilitation Mortgage
Commercial Bank
Assignment/Subletting
Cottage
Ready to sell smarter, buy better, and save more?
Join thousands of homeowners who skipped the 6% commission and buyers who received cash back on their next home purchase — all on their terms.
$232M+ saved by
our users.
"They are a business unlike any other. The process was smooth, transparent, and saved me a fortune."
"I was very impressed with this company. Would highly recommend to anyone selling their home."
"With love and gratitude, Mission Accomplished. Beycome made it happen for us."
"Beycome saved us thousands. The platform is simple and the team is incredibly supportive."
"I sold my home in 3 weeks for full asking price. Beycome is the real deal."
"No agent, no commission, no stress. Just results. Beycome delivered on every promise."
"We were skeptical at first but Beycome made selling our home completely painless."
"Best decision we made. The MLS listing got us multiple offers within days."
"They are a business unlike any other. The process was smooth, transparent, and saved me a fortune."
"I was very impressed with this company. Would highly recommend to anyone selling their home."
"With love and gratitude, Mission Accomplished. Beycome made it happen for us."
"Beycome saved us thousands. The platform is simple and the team is incredibly supportive."
"I sold my home in 3 weeks for full asking price. Beycome is the real deal."
"No agent, no commission, no stress. Just results. Beycome delivered on every promise."
"We were skeptical at first but Beycome made selling our home completely painless."
"Best decision we made. The MLS listing got us multiple offers within days."