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Teaser rate
An low, short-term rate offered on a mortgage to entice the borrower.
Related Terms
Variable rate mortgage
Life cap
Variable interest rate
Rate lock
Margin
Fixed-rate mortgage
Capitalization rate
Variable rate
Adjustment period
Cap
Adjustable-rate mortgage (ARM)
Rate-improvement mortgage
Interest rate caps
Convertible adjustable-rate mortgage
Interest rate buy-down plans
Annual Percentage Rate (APR)
Interest rate ceiling
Step-rate mortgage
Treasury index
Initial interest rate
Certificate of deposit index
Interest accrual rate
Note rate
Negative amortization
Change frequency
Building moratorium
Mortgage
Note
Alternative mortgage
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