Teaser loans are adjustable-rate mortgages, or ARMs, that offer seemingly low introductory interest rates, or what lenders call teaser rates, to attract clients to switch to a new lender or to take out a new loan.
Teaser loans are adjustable-rate mortgages, or ARMs, that offer seemingly low introductory interest rates, or what lenders call teaser rates, to attract clients to switch to a new lender or to take out a new loan.
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