Variable Rate
Change with the times
A Horizon Financial Funding Variable Rate Loan™ can help you benefit from those times when interest rates are low. Your monthly payments remain the same, but if rates go down, more of your payment goes toward the principal, so you can pay off your loan faster. If rates start moving up, you can convert the outstanding balance to a fixed-rate loan for the remainder of your term.
Based on your financing needs, we'll help you choose the loan that's best for you and structure payments that you'll be comfortable with.
- The interest rate fluctuates with our Prime Rate Prime Rate, so you can save when interest rates fall.
- If interest rates rise, your payments will likely stay the same, but your amortization Amortization term will increase to account for the higher rate. If interest rates fall, your payments stay the same and your amortization Amortization term will decrease — so your loan is paid off faster!
- You can switch to fixed rates at any time if rates rise.
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