jeff mandell

because the participant loan will be used to purchase a principal residence, can you use an adjustable interest rate? Just because the interest rate is to be established at the time of the loan, to me that does not necessarily mean you can't use an adjustable rate because the adjustable rate would be established at the time of the loan. any thoughts? Anyone seen this before?

Because this participant loan is being used to purchase a principal residence, the repayment will be much longer than the five years. May I use an adjustable rate of interest? Has anyone had any experience with it?