Variable-rate loan

(redirected from Adjustable Rate Loan)

Variable-rate loan

Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR.

Variable-Rate Loan

A loan with an interest rate that changes periodically. Generally speaking, a variable rate loan is linked to some major benchmark rate; for example, the interest rate may be stated as "LIBOR + 1%." The loan may or may not have a cap on how much the interest rate can rise or fall, or on how often the interest rate may change. Very often, the initial interest rate for a variable-rate loan is lower than that for a fixed-rate loan. This allows more people to qualify for a loan; however, this kind of loan can be risky because the interest rate (and therefore the monthly payment) can rise unexpectedly. See also: Adjustable-rate mortgage.

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References in periodicals archive ?

While some borrowers are locking in long-term, fixed-rate financings, others are taking great advantage of Freddie's seven-year, adjustable rate loan structure," stated Throne.

United States : HFF arranges $16.4 million refinancing for multi-housing community in Tampa, Florida

The Adjustable Rate loan group consists solely of adjustable rate mortgages that are secured by first liens.

DCR Rates Countrywide Home Loans $1,200,000 (Approximate) Asset-Backed Certificates Series 2000-1 Fixed and Adjustable Rate Sub-Prime Mortgages

Remember, a good lender, once he or she understands your financial situation, should be able to present several scenarios, which include getting a second mortgage, refinancing the first mortgage, getting an adjustable rate loan or simply cashing out the equity in your home.

Refinancing your mortgage may cost you; think seriously before you opt for a home equity loan

APF provided this financing through Freddie Mac utilizing a bifurcated structure with an $80 million fixed-rate component; and an additional $15 million adjustable rate loan component.

$95m for South Park

San Bernardino businessman Duke Djanbatian owns three rental properties and a home in Lake Arrowhead, financing all with some form of an adjustable rate loan.

CREATIVE HOME BUYING MANY FORMS OF FINANCING CAN GET BUYERS IN THE DOOR, BUT PROBLEMS COULD COME UP LATER ON

Nima Nattagh, an analyst at FNC, which supplies real estate market information to the mortgage banking industry, said buyers should also be careful in selecting an adjustable rate loan.

ARMS THE ANSWER FOR SOME POTENTIAL HOME BUYERS

A seven year, adjustable rate loan for $100,000with two points paid up front has an interest rate of 7.

Taking the points: consumers often pay more for 'no-points' mortgages

To offset the negative impact of lower loan originations and sales currently being experienced by the industry, the company has aggressively reduced overhead costs, diversified its lending activities and directed its efforts to higher margin loan products including equipment leasing, multi-family and commercial mortgage loans, as well as increasing its adjustable rate loan portfolio held for investment at Southern Pacific Thrift & Loan Association.

IMPERIAL CREDIT INDUSTRIES INC. REPORTS 1994 THIRD QUARTER RESULTS

has introduced three new adjustable rate loan products.

COUNTRYWIDE OFFERS THREE NEW ADJUSTABLE RATE MORTGAGES -- RATES FIXED FOR FIRST THREE, SEVEN AND 10 YEARS --

Our adjustable rate loan portfolio will reprise higher as rates increase and transaction accounts continue to replace higher cost certificate deposits.

MIDAMERICA SAVINGS BANK REPORTS 10% QUARTERLY INCREASE IN NET INCOME

To meet our client's needs, we arranged an adjustable rate loan at today's highly-favorable rates," said Mr.

Venture West Funding Arranges $9.6 Million Loan on One Civic Plaza in Carson, CA

This has increased our cost of funds, which should ultimately be passed on through increases in our adjustable rate loan portfolio.