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What is teaser?

Updated: 6/6/2022
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Wiki User

8y ago

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a teaser loan is an adjustable-rate mortgage loan in which the borrower pays a very low initial interest rate, which increases after a few years. Teaser loans try to entice borrowers by offering an artificially low rate and small down payments, claiming that borrowers should be able to refinance before the increases occur.

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Rosa Koelpin

Lvl 13
1y ago
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Q: What is teaser?
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