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Whenever you make an extra periodic prepayments, e.
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Whenever you make an extra periodic prepayments, e.
With a five-year variable-rate mortgage, your rate will vary in sync with the prime rate in relation to the rate you are offered when you start your mortgage for five years. All mortgage and other loan calculators are for informational purposes only and provide general information. This shortens your amortization and reduces your interest costs over time.