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What is teaser?

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Anonymous

10y ago
Updated: 6/6/2022

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
3y ago

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