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Bank Rates Term Our Rates
6.75%15.50%
7.25%25.50%
7.30%35.50%
7.30%45.50%
7.30%55.44%
7.65%76.20%
8.00%106.25%
Posted: 7/17/2008, OAC

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Variable interest mortgage
A loan where the interest rate may vary during the term of the mortgage. The variance is usually tied to some specific factor such as prime bank rate or the guaranteed investment certificate rate for a designated lender.

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