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OpenStudy (anonymous):
what is teaser loans
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OpenStudy (anonymous):
"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. Read more: http://www.investopedia.com/terms/t/teaser-loan.asp#ixzz1Qbjw2ins Please guys always do a little research before asking a question on here.
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