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Explain and compare variable and fixed rate interest rates

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Reference no: EM132611177

1. Explain and compare variable and fixed rate interest rates?

2. Explain each of the following mortgage accounts :

a. Basic variable rate mortgage

b. Standard variable rate mortgage

c. Fixed interest rate mortgage

d. Honeymoon rate

e. Line of credit

f. Mortgage offset

g. Construction

Reference no: EM132611177

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