That access to capital —
even at high rates of interest — is credited with helping women either start or expand a microenterprise and, by extension, more sustainably provide for their families.
The problem that the agents and title companies faced was that with the due - on - sale clauses, borrowers would have to pay off the balance of their low interest mortgages when they sold the property, and the new buyer would have to obtain
financing at a higher rate of interest.
«Just like in your household finances you might be tempted to pay off a student loan just so you can say that you paid it off, but it doesn't make sense to pay off a student loan at a low rate of interest and then the next week find that you put something on a credit
card at a high rate of interest,» said Dyster.
Instead of producing rebates for the borrowers, lenders were receiving significant windfalls, particularly when borrowers wanted to redeem long - term
loans at higher rates of interest.
I would have preferred the Treasury to follow Bagehot's Rule (lend freely but
at a high rate of interest) as opposed to the «favorable» terms that were offered.
Even, if you are able to obtain any private loan, it will be
at a high rate of interest.
However, some lenders may be prepared to lend funds to those with lower credit score but
at a higher rate of interest.
A golden rule of repaying debt is to always put as much cash as you can towards repaying the debts which are
at the highest rate of interest.
Alternatively, they may offer you highly reduced credit lines,
at high rates of interest.
Canadian Tire has a solid product, but
at a high rate of interest.