In general, the shorter your adjustable - rate mortgage's initial teaser period, the lower its starting mortgage rate. (themortgagereports.com)
With an adjustable rate program, there is a generally an introductory or teaser period where the initial interest rate and monthly payment are low. (loanbiz.com)
You'll pay less up front with such mortgages but you may well be foreclosed when teaser periods end. (fhaloanpros.com)