Make sure you understand the difference between variable and fixed rate loans.

让你了解不同的可变和固定利率贷款。

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Variable rate home loans usually adjust once a year.

可变利率住房贷款通常会每年调整一次。

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The banking system now offers many styles of loans of which the 30 year fixed rate loan was the most common now replaced by a 30 year variable loan.

银行系统现在提供许多形式的贷款，以往最常见的30年固定利率贷款现在为浮动利率所替代。

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Variable-rate loans have lower initial rates than fixed-rate loans but can be more costly if interest rates rise.

WSJ: New College Lenders Step Up

About half of mortgage borrowers have variable-rate loans and are therefore generally benefiting from the reduced cost of servicing their debt.

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Comparing variable-rate loans can be tricky because some private student lenders tie rates to the prime rate while others use the one-month or three-month London interbank offered rate, or Libor.

WSJ: New College Lenders Step Up