Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent owns the business AND their residence AND has a variable interest rate mortgage on that property.
18a2. Does that interest rate reset quarterly, bi-annually, annually, or some other time?
Response | ||||
---|---|---|---|---|
1 | Monthly | 5 | ||
2 | Quarterly | 17 | ||
3 | Bi-annually | 1 | ||
4 | Annually | 27 | ||
5 | > 2 years | 25 | ||
6 | Change in prime | 7 | ||
7 | Other | 7 | ||
8 | DK/Refuse | 11 | ||
Total (%) | 100 | |||
N | 65 |
Notes: The interest rate resets annually for 27 percent of small employer/owners their residence, and have a variable interest rate mortgage on that property (Q#18a2).