Sentences with phrase «teaser periods end»

You'll pay less up front with such mortgages but you may well be foreclosed when teaser periods end.

These alluring introductory rates aimed to attract new customers with the idea that these individuals would stay on board once the teaser period ended, typically in several months.

Not exact matches

They know that most folks won't pay off large transfers during the teaser period and will end up paying the normal interest rate on the larger amount they now owe.

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.

«If your teaser period is a year, take the sum of money you're transferring and divide by 11 and make those payments because you always want to be paid before you get to the end of the period,» Sherry says.