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Glossary of Terms > T > Teaser Rate

Teaser Rate

The initial interest rate on an ARM, when it is below the fully indexed rate. Known as such because a lender will try to entice, or tease, borrowers with low rates that are not going to be in effect for that long.

T Terms

Teaser Rate

Temporary Buydown

Term

Timeshare

Title

Title Insurance

Total Expense Ratio

Total Interest Payments

Transfer of Ownership

Treasury Index

Truth-In-Lending

Two-Step Mortgage