Variable rate mortgages do not have a fixed interest rate over the course of the loan. This page describes the pros and cons of variable rate mortgages.
Learn about two mortgage types on this website, which details both adjustable rate mortgages and fixed rate mortgages. Related links are also included.
www.HomeMortgageLoans.us/mortgage-types.htm
Home Mortgage Rates
Broadly, there are two types of home mortgages: fixed rate mortgages and variable rate mortgages (often called adjustable rate mortgages).