InvestorWords.com

teaser rate


Definition
A very low but very temporary introductory rate on an adjustable rate mortgage or credit card.

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Why Fixed-Rate Loans are BetterConsider a fixed-rate loan even if adjustable-rate mortgages (ARMs) carry a lower initial interest rate. A fixed-rate loan adds certainty and stability to a big part of your loan payment, which can pr ... Read more


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