Sentences with phrase «as teaser rates»

Loans with risky features such as teaser rates, negative amortization, and balloon payments do not, and should not, qualify as QRM loans.

These rates, also known as teaser rates, are low for a limited period before spiking dramatically.

No longer, apparently, is the FHASecure program for «borrowers who are otherwise creditworthy, but have recently become delinquent on their mortgages as their teaser rates reset.»

Introductory Rate — Also known as the teaser rate, it is the initial APR offered by a credit - card issuer to entice new customers to sign an agreement.

It is also known as teaser rate.

Payment shock can be the result of several things, including the expiration of an initial or temporary start interest rate (sometimes known as a teaser rate), the end of a fixed - interest rate period, the end of an interest - only payment period, the recasting of a payment option adjustable - rate mortgage (ARM) or an increase in an ARM's fully indexed interest rate.

Not exact matches

In the mad scramble for loan creation during the final phase of the Housing Bubble, the government created an environment of essentially free money by allowing the big agencies, Fannie Mae and Freddie Mac (or Phony and Fraudie, as I often affectionately refer to them), to securitize loans to the bottom of the barrel risks with crazy terms like no money down and incredibly low «teaser» interest rates.

An ARM is a mortgage which offers introductory mortgage rates — known as «teaser rates» — for up to the first 10 years of a loan.

This teaser only permits glimpses of a magnificently goateed Donald Glover as a young Lando Calrissian and one look at our hero, yet it can still raise fan heart rates with a single behind - the - head shot of Chewie.

Following this week's promo and three teasers for Dunkirk [check them out here], Warner Bros. has now debuted the main trailer director Christopher Nolan's hotly - anticipated World War II epic, which you can watch right here... SEE ALSO: Christopher Nolan explains Dunkirk's PG - 13 rating «Dunkirk opens as hundreds of thousands of British and Allied troops are surrounded by enemy forces.

But always read the fine print and beware of teaser rates, where you may be offered low or no interest rates for a short period of time only for these rates to jump back up to levels as high as 29 %.

Mortgage teaser rates aren't as common as they used to be but are still available by some lenders.

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

We decided against that as a — so, we are opposed to teaser rates.

It's also known as «start rate» or «teaser.»

Some lenders will advertise loans with «teaser rates» as low as 0 percent.

The earliest ARMs didn't offer any discount on the initial rate — no «teasers» here — but instead the opportunity that your mortgage rate and monthly payment would decrease as market interest rates returned more toward normal levels.

The initial interest rate for an ARM is commonly referred to as the «teaser rate».

Introductory (Intro) Rate — Also know as a «teaser» rate, this is a low, fixed rate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of creRate — Also know as a «teaser» rate, this is a low, fixed rate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of crerate, this is a low, fixed rate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of crerate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of crerate — charged for a specific length of time during the initial period of the home equity line of credit.

The teaser rates usually last 6 - 12 months, but some stretch out as long as two years, and can be staggeringly attractive for short - term debt.

As the recent housing bubble progressed, the profile of mortgage originations changed, so that at the very peak of the housing bubble, new originations took the form of Alt - As (low or no requirement to document income) and Option - ARMs (teaser rates, with no required principal repayments).

Some revisions resulted in better balance transfer deals for consumers, such as the Wells Fargo Cash Back college card, which now has a 0 - percent teaser rate good for 12 months instead of six.

Our mortgage lenders offer traditional fixed mortgage rates, as well as low rate teasers with our hybrid home loans.

This may also be referred to as «teaser rate.»

«Loans offering a low teaser rate, an adjustable rate or a lower down payment can be problematic, as they can fool you into buying more home than you can actually afford.»

Some revisions resulted in better balance transfer deals for consumers, such as the Wells Fargo Cash Back college card, which now has a 0 - percent teaser rate good for 12 months instead of six.

They also initially offer attractive teaser rates, only to become less affordable as you get older.

Many companies initially offer a teaser rate to lure you in, only to increase your rates every five years as you get older.

Unlike many policies that offer an initial «teaser rate» to lure you in, these policies do not increase in cost as you get older, you pay a level cost from the time your policy begins until age 90, 95, 100, 105, 110, or 120.

A: Be cautious of policies offering to start your coverage with low teaser rates (some as low as $ 1).

Sometimes known as «start rate» or «teaser.»

These lenders will lure veterans with teaser rates, such as two months free from payments or lower short - term floating rates.

Today's ARMs don't include «teaser rates» and have more stringent requirements — such as minimum down payments and high credit scores.