Definition of variable-rate mortgage in English:

variable-rate mortgage

Syllabification: var·i·a·ble-rate mort·gage

noun

  • Another term for adjustable-rate mortgage.
    More example sentences
    • If you have a variable-rate mortgage (about seven out of ten mortgage borrowers do), expect your lender to lift its rate by the full 0.25% or more.
    • If you have a variable-rate mortgage, your payments are likely to go up from September following this month's quarter-point rate rise.
    • The variable-rate mortgage will be almost €100 per month more expensive.

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Pronunciation: skəʊʃ
noun
a small amount; a little