The fixed rate stays the same for the duration of the relationship and allows you to precisely define the payment plan. It is the optimal solution if the market rate rises, as it is disadvantageous if the market rate decreases.

The variable rate mortgage

The variable rate does not guarantee the certainty of the amount of its repayment in the medium to long term, offers the advantage of providing for the reimbursement rate that respond to current needs and situations. The floating rate is updated periodically based on the cost of money, so you can earn / bear losses on the basis of its oscillations.

The loan rate mixed

Joint rate, also known as rate structure allows you to postpone the final choice of the rate of at least 24 months, when important choice is difficult to predict the trend of interest rate fluctuations because of marked, or in the event of a change in personal circumstances.

Derivation of one particular variable, allows to limit the risk of future rate increases. The borrower follows the benefits of varying stages of decline in the cost of money, but in case of upward and suffers the disadvantages to a certain limit defined cap.
This loan combines the characteristics of the typical financial product to those of securities of a derivative (option).

The variable rate mortgage a rate constant

With this type of product combines features of fixed-rate with those of the variable rate. By varying the interest rate changes the term of the mortgage, but not the rate (which remains constant). Increases the cost of money results in an extension of the deadline, reducing the rebates.