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quick question

zipwen1
zipwen1 Posts: 257 Forumite
are all secured loans variable or can you get some fixed?

if you are given a total amount that you will pay back dose this mean that the loan may be a fixed rate?

just wondering as im waiting for the paperwork to be sent out and not sure if our loan was fixed

Comments

  • Hi-

    A Majority of secured loans are on a variable rate, however some lenders DO offer fixed rates. I know some cap this at 5 years. You can get them but you'd be better of using a broker and not a lender. :rolleyes:

    Just make sure you check your paperwork as it will say.

    Ta,
  • keyser123
    keyser123 Posts: 68 Forumite
    Tell us who your lender is and I'll tell you if it's fixed or not.
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