Glossary 

 

Our glossary defines frequently used mortgage terms. Click on one of the following letters of the alphabet to locate a specific term on this page.

Variable Rate Mortgages

BNP Paribas International Buyers variable rate mortgages usually offer stable monthly payments. It is the duration of the loan which varies when the rates rise or fall over a given period. If the interest rate of your loan rises, the duration of the loan is increased within a limit of 5 additional years after the initial term of the loan defined therein. The instalment amount will remain constant as long as interest rate rises allow the full repayment of the loan before the end of the five additional years. Variable rate mortgages are very flexible, and offer subject to certain conditions other advantages as well: no redemption fees should you wish to make an early, partial or complete repayment of your mortgage, and the possibility to convert to a fixed rate mortgage at any time.



 

BNP Paribas International Buyers is a business line of BNP Paribas Personal Finance.
BNP Paribas Personal Finance - Credit institution – Société Anonyme incorporated under French law with a share capital of 453 225 976 euros - 542 097 902 RCS Paris -
Head office: 1 bd Haussmann, 75009 PARIS Insurance Intermediary (N° ORIAS : 07 023 128) Insurer(s): Cardif Assurances