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What is the difference between fix and variable mortgages?

Updated: 9/28/2023

Wiki User

∙ 11y ago

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The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.

Wiki User

∙ 11y ago

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Continue Learning about Finance

In finance what is BEQ?

Break Even Quantity The formula is the fix cost/price-variable

What do we do if there is something that we can't fix?

It depends on what you can't fix

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how can I get a grant to fix up my house

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the best way to fix a hazard is remove it

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To fix is to resolve the problem for good. To repair is to fix temporally

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Is there a mortgages for poor credit rating?

Yes, mortgages are always there when you buy a house, despite your bad credit, you may not even be offered to buy a house. So you should try to fix it.

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Where can one go to find a mortgage rate chart for Royal Bank of Canada?

The best place for a person to find a mortgage rate chart for Royal Bank of Canada is the official RBC Royal Bank Websites. The carts show current mortgage rates for fix and variable rate mortgages.

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not sure

Whats the difference between sustain and maintain?

The difference between the words sustain and maintain is that "sustain" means continually improving something whereas "maintain" involves a single fix that may have to be repeated in future.

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Are selling costs variable costs?

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