Definitions for

**"Teaser rate"****Related Terms:**Initial interest rate, Capped rate mortgage, Floating interest rate, Interest rate ceiling, Adjustable-rate loan, Variable rate mortgage, Adjustable rate mortgages, Interest rate floor, Adjustable-rate mortgage, Initial rate, Rate caps, Start rate, Adjustable rate mortgage, Fixed rate mortgages, Fixed, Capped-rate mortgage, Variable rate loan, Fixed rate, Arm, Frm, Capped rate, Fixed interest rate, Floating rate of interest, Convertible arm, Convertibility clause, Conversion clause, Honeymoon rate, Floating rate loan, Hybrid arm, Vrm, Standard variable rate, Adjustable rate loan, Fixed rate loans, Variable interest rate, Arms, Index rate, Capped rate mortgages, Periodic rate cap, Fixed rate loan, Adjustable rate, Life cap, Rate cap, Caps, Convertible adjustable rate mortgage, Capped loan, Periodic cap, Interest rate cap, Rate index, Lifetime rate cap, Floating rate

A mortgage with a low starting interest rate normally used to attract prospective borrowers.

MP] The initial interest rate on an ARM, when it is below the fully indexed rate.

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

a low introductory interest rate on a credit card or an adjustable rate mortgage (ARM)

a low introductory interest rate that can increase during the term of the loan, sometimes by several percent, drastically increasing the total cost of the loan

an artificially low initial rate which applies only for a limited time

a reduced, first-year introductory interest rate designed to attract borrowers

See introductory (intro) rate

An initial interest rate on an ARM that is below the market rate.

This is also called the introductory rate, it is normally bellow the market-suggested interest rate. It is offered in order to attract customers and make them switch credit cards or lenders.

Am unusually low introductory rate for an ARM used to entice borrowers into a loan and allow them to quality at the lower rate.

A low, short term rate offered by a creditor on loans and credit cards. After the expiration date, the cost rises to the agreed upon rate by creditor and borrower.

A low initial rate on a mortgage. This is often used to induce people into the loan since the start rate is low.

Introductory, lower rate on an adjustable rate mortgage. The loan's formula is a better way to determine its affordability, however.

The initial interest on an adjustable rate mortgage that typically is below market rate.

The initial rate offered on adjustable rate mortgages, providing the borrower a reduced rate and payment for a predetermined period, prior to the initial rate adjustment.

Often called the introductory rate, it is the below-market interest rate offered to entice customers to switch credit cards.

An artificially low initial interest rate on an adjustable rate mortgage. Lenders often advertise low initial rates to attract borrowers, relying on a "catch-up" clause to recoup their losses later.

An initial, below-market interest rate offered on loans. After the initial time period, the permanent rate takes effect.

Also known as the introductory rate, this is a low rate -- often below the prime rate -- charged during the initial period of a loan and offered by lenders to entice more people to borrow from them.

A lower interest rate charged on an adjustable or variable rate mortgage for a brief, introductory period as an inducement to the borrower to accept the loan from the lender.

A short-term, below-market interest rate offered initially to attract customers to sign up for, or switch to, a particular credit card. Also called an introductory rate.

Otherwise known as the initial interest rate, the teaser rate is the attractively low interest rate that most adjustable-rate mortgages start with. Don't be sucked into a mortgage because it has a low teaser rate. Look at the mortgage's formula (index + margin 3D interest rate) for a more reliable method of estimating the loan's future interest rate - the interest rate that will apply after the loan is "fully indexed."

An low, short-term rate offered on a mortgage to entice the borrower.

an introductory low interest rate aimed at attracting cardholders.

A low initial interest rate on a mortgage.

A starting rate which is far below the fully indexed rate on an adjustable rate mortgage.

A contract interest rate charged on an adjustable-rate mortgage for the initial adjustment interval that is significantly lower than the fully indexed rate at the time. It is an incentive to encourage borrowers to accept adjustable-rate mortgage loans. In general, the interest rate reverts to the fully indexed rate at the first adjustment date.

The attractively low interest rate that most adjustable-rate mortgages start with. This rate is also known as the initial interest rate.

A very low, but very temporary, short-term introductory interest rate often associated with an adjustable rate mortgage loan.

The the below-market interest rate that is offered by lenders or credit card companies to gain new business. Offering a below-market interest rate often encourages people to switch credit cards or lenders to save money. Also known as an introductory rate.

A below market starting rate usually found in conjuction with adjustable rate mortages.

An enticingly attractive initial rate below the market offered in an adjustable rate mortgage. In general, the interest rate reverts to the fully indexed rate at the first adjustment date.

An advertised very low, but very temporary, introductory rate on an Adjustable Rate Mortgage (ARM).

Similar to a Payment Discount, but implies either an unusually large initial rate discount or an attempt by the lender to lure an otherwise unqualified borrower into the mortgage.

A low, short-term rate offered on an adjustable rate mortgage to assist borrowers in initially qualifying for a home loan.

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tenancy by the entirety tenancy in common

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