Spot the Imposter: Variable vs. Fixed-Rate Loans
Understanding the difference between variable and fixed-rate loans is crucial for making smart financial decisions. This article presents a series of statements, each describing a loan feature. Your challenge: identify the statement that doesn't describe a variable-rate loan—the "imposter." By the end, you'll be able to confidently distinguish between these two loan types. Decoding the Loan Landscape: Variable vs. Fixed Before we begin our detective work, it's important to grasp the fundamental differences between variable and fixed-rate loans....