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Should I choose a fixed or variable rate? Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is fixed, or stays the same, for the entire life of your loan. Pros: You’ll know what your interest rate is and won’t have to worry about [...]
The Federal Reserve announced an interest rate increase on March 16, 2022 - the first since 2018. But what does that mean for the general public? And what, if anything, do you need to do now? If you have loans or credit cards, the interest rate determines how much you [...]
When searching for private student loans, you may find some lenders offer both a fixed and a variable rate option. What does this mean, and what are the pros and cons of each? Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is [...]
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