Anyone who gets a variable today must assume the risk of at least a 50 basis - point (half a percentage point) rate increase over the next year or so. (moneysense.ca)
Sometimes they can approve even customers who have recently started on a new job in case this employment has visible salary increases over the next years. (personalmoneyservice.com)
For them, the benefit is they don't have to worry about a rent increase over the next year or two. (sparkrental.mysmartmove.com)