Variable Rate Mortgage

Business, Legal & Accounting Glossary

Definition: Variable Rate Mortgage



Full Definition of Variable Rate Mortgage


Most mortgages are taken out at variable rates of interest. That means your lender sets an interest rate and from time to time this will be moved up and down in relation to general movements in interest rates in the wider economy.

Variable-rate mortgages are the ‘plain vanilla’ variety in the home lending market.


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Variable Rate Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 07, 2020 https://payrollheaven.com/define/variable-rate-mortgage/.
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Variable Rate Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/variable-rate-mortgage/ (accessed: July 07, 2020).
American Psychological Association (APA):
Variable Rate Mortgage. PayrollHeaven.com. Retrieved July 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/variable-rate-mortgage/

Definition Sources


Definitions for Variable Rate Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.