There are many dangers of taking out a variable rate loan and these dangers can vary depending on the type of loan that you take out. For example if you take out a variable rate mortgage the danger lies in the fact that your monthly payments could increase if interest rates go up. This could make it difficult for you to keep up with your mortgage payments and you could eventually end up in foreclosure.

Another danger of taking out a variable rate loan is that you may end up paying more in interest over the life of the loan than you would if you had taken out a fixed rate loan. This is because with a variable rate loan your interest rate can go up over time and you will have to pay more interest as a result.

Finally another danger of taking out a variable rate loan is that you could end up with a loan that has a very high interest rate. This could make it difficult for you to repay the loan and you could end up in financial trouble.

If you are considering taking out a variable rate loan it is important that you understand the risks involved. Be sure to talk to a financial advisor to get more information about the risks and whether or not a variable rate loan is right for you.

## What is the danger of taking a variable rate loan?

The danger of taking a variable rate loan is that the interest rate could rise and you would have to pay more each month.

## What is the danger of not taking a variable rate loan?

The danger of not taking a variable rate loan is that the interest rate could stay the same or drop and you would miss out on the opportunity to save money.

## What is the danger of taking out a variable rate loan with a low starting interest rate?

The danger of taking out a variable rate loan with a low starting interest rate is that the interest rate could rise sharply and you would have to pay more each month.

## What is the danger of taking out a variable rate loan with a high starting interest rate?

The danger of taking out a variable rate loan with a high starting interest rate is that the interest rate could fall sharply and you would miss out on the opportunity to save money.

## What is the danger of taking out a variable rate loan with a variable interest rate?

The danger of taking out a variable rate loan with a variable interest rate is that the interest rate could rise or fall sharply and you would either have to pay more or miss out on the opportunity to save money.

## What is the danger of taking out a fixed rate loan?

The danger of taking out a fixed rate loan is that the interest rate could rise and you would have to pay more each month.

## What is the danger of not taking out a fixed rate loan?

The danger of not taking out a fixed rate loan is that the interest rate could stay the same or drop and you would miss out on the opportunity to save money.

## What is the danger of taking out a fixed rate loan with a low interest rate?

The danger of taking out a fixed rate loan with a low interest rate is that the interest rate could rise sharply and you would have to pay more each month.

## What is the danger of taking out a fixed rate loan with a high interest rate?

The danger of taking out a fixed rate loan with a high interest rate is that the interest rate could fall sharply and you would miss out on the opportunity to save money.

## What is the danger of taking out a fixed rate loan with a fixed interest rate?

The danger of taking out a fixed rate loan with a fixed interest rate is that the interest rate could rise and you would have to pay more each month.

## What is the danger of taking out an adjustable rate loan?

The danger of taking out an adjustable rate loan is that the interest rate could rise and you would have to pay more each month.

## What is the danger of not taking out an adjustable rate loan?

The danger of not taking out an adjustable rate loan is that the interest rate could stay the same or drop and you would miss out on the opportunity to save money.

## What is the danger of taking out an adjustable rate loan with a low interest rate?

The danger of taking out an adjustable rate loan with a low interest rate is that the interest rate could rise sharply and you would have to pay more each month.

## What is the danger of taking out an adjustable rate loan with a high interest rate?

The danger of taking out an adjustable rate loan with a high interest rate is that the interest rate could fall sharply and you would miss out on the opportunity to save money.

## What is the danger of taking out an adjustable rate loan with an adjustable interest rate?

The danger of taking out an adjustable rate loan with an adjustable interest rate is that the interest rate could rise or fall sharply and you would either have to pay more or miss out on the opportunity to save money.