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Fixed rates have the same interest rate over the term, while variable rates have varying interest rates. Variable-rate loans have lower interest rates and are thus better for short-term funding. To find out how much fixed and variable rates apply to your situation, go to the Mortgage Diligent website. You'll also hear about fixed vs. variable rates over time.
305 Matheson Blvd E, Mississauga, ON L4W 1R1, Canada
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