They typically begin with lower interest rates than fixed - rate loans, sometimes
called teaser rates.
They typically begin with lower interest rates than fixed - rate loans, sometimes
called teaser rates.
This is commonly
called a teaser rate or an introductory rate, and the difference between what you get going in and what it changes to can be drastic, with your interest payments at times being cut nearly in half.
The initial interest rate, sometimes
called the teaser rate, is lower than what you'll find on fixed rate mortgages.
The initial interest rate, sometimes
called the teaser rate, is lower than what you'll find on fixed rate mortgages.
Not exact matches
This lower
rate is commonly
called a «
teaser» or introductory
rate.
Adjustable
rate loans typically feature an introductory
rate (sometimes
called a «
teaser») which is lower than the current
rate for fixed
rate mortgages.
Some loans offer what has been
called a «
teaser rate», an interest
rate that starts off low but then increases in the future.
For instance, if you see a credit card with a low initial
rate,
called a
teaser, it probably will switch to a much higher interest
rate after a fixed period.