May 17, 2022Transcript
With a fixed-rate loan, the interest rate stays the same over the life of the loan, which can help borrowers budget for repayment. With a variable-rate loan, the interest rate changes periodically to reflect current market conditions.
This information provided is for informational purposes only and does not substitute consultation with a legal, tax or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.
All Laurel Road lending products are subject to credit approval.