Variable Rate Mortgage:
Definition & How it Works
If you prefer flexibility in your mortgage rate, a variable rate mortgage or VRM is exactly what you are looking for.
From time to time a variable rate mortgage will save you money and free up cash flow which allows you the ability to put money back into your home, your future.
Today we take a closer look at a variable rate mortgage definition, how a VRM works, along with who might benefit the most from this type of housing loan.