blueskyqtc
New Member
- 11
Dear all,
Say A client borrowed $200K using FIXED loan. The next year, he switched to Variable Loan, and Borrowed another $100K Loan.
1. does the variable loan rate will ONLY apply to NEW loans $100K , or the variable loan rate will ALSO apply to the old loan $200K borrowed BEFORE the loan type switching ?
2. When client switch from old to a new index allocation strategy each year, does the new index strategy ONLY applies on new premium coming in later, or does the new index strategy ALSO applies on old premiums paid BEFORE the switching?
Thank you very much! 谢谢您!
Say A client borrowed $200K using FIXED loan. The next year, he switched to Variable Loan, and Borrowed another $100K Loan.
1. does the variable loan rate will ONLY apply to NEW loans $100K , or the variable loan rate will ALSO apply to the old loan $200K borrowed BEFORE the loan type switching ?
2. When client switch from old to a new index allocation strategy each year, does the new index strategy ONLY applies on new premium coming in later, or does the new index strategy ALSO applies on old premiums paid BEFORE the switching?
Thank you very much! 谢谢您!
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