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LifeCU Mobile

Free - On the App Store

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LifeCU Mobile

Free - On the App Store

What’s the difference between fixed and variable interest rates?



A variable interest rate means that the rate will change as market interest rates change. As a result, your payment amounts will vary as well.

A fixed interest rate means the rate will remain fixed for that loan’s entire term, no matter what market interest rates do. This also means your payments will be the same over the entire term.