Topic: Disadvantages of Libor
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What is the disadvantage to getting a loan based on the LIBOR?
The biggest disadvantage to getting a mortgage loan based on the LIBOR is that just as it goes down quickly, and rates decrease quickly; the index also goes up faster when rates increase, which can cost borrowers money. Read More »
Source: http://mortgage.lovetoknow.com/LIBOR_Interest_Rate
