[header] How to compare loan rates [title] Consider fixed versus adjustable interest rates for a loan. [step] Financial experts report that many lenders in recent years have pushed adjustable interest rates without really telling people what they are. A borrower should know whether their loan includes a fixed or adjustable interest rate. 
[substeps] Understand the benefits and disadvantages of adjustable interest rates. With a fixed interest rate, the borrower knows what interest they will pay on a loan over the entire term of the loan.