Definition of "Start rate"

Margarita Swartz real estate agent

Written by

Margarita Swartzelite badge icon

Coldwell Banker Preferred

Also called a teaser. The starting interest rate of an adjustable rate loan. It generally lasts between 1 and 12 months, at which time the loan rate increases based on prearranged criteria.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The rent a property commands in a free and open market setting. ...

Structural, storage, and shelving characteristics associated with a warehouse. ...

One who has died with a valid will in effect. ...

An idiomatic expression indicating the desire of an individual to understand new surroundings and all of its nuances including its quality and character. The derivation of the expression ...

Homeowner’s insurance is a kind of property insurance that covers risks commonly encountered by homeowners.There are several kinds of homeowner’s insurance ...

Standard precut lumber sizes for lumber industry needs. The typical sizes are 2 to 5 inches thick by 5 to 12 inches wide. ...

Also called hyperinflation. Very high rate of inflation rate. ...

Party that receives part or all of a construction job to do from the general contractor. ...

Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...

Popular Real Estate Questions