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Bdend-1g /* Trending Now */ /* Center Rail */ #ya-center-rail .profile-banner-default .ya-ba-title #Stencil . Bgc-lgr #ya-best-answer, #ya-qpage-msg, #ya-question-detail, li.ya-other-answer .tupwrap .comment-text /* Right Rail */ #Stencil . Bxsh-003-prpl #yai-q-answer, #ya-trending, #ya-related-questions h2. Fw-300 .qstn-title #ya-trending-questions-show-more, #ya-related-questions-show-more #ya-trending-questions-more, #ya-related-questions-more /* DMROS */ .Fixed-rate loans often have higher rates than the introductory rates on variable loans.However, borrowers have peace of mind knowing their monthly payments will always be the same amount.If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.
Learn more"Term" refers to the length of the loan, typically in years.