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).
