Types of Interest Rates in Canada - Cripps Realty
 

Types of Interest Rates in Canada

  • Fixed Rate of Interest
  • Simple Interest
  • Variable Rate of Interest

If a lender finds the borrower for example to be low risk then the borrower may be given that or perhaps even a lower interest rate. Alternatively, if the borrower has worse credit, jumps around jobs a lot, is leveraged higher or so forth he or she will be offered higher interest rates accordingly, or possibly denied altogether.

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