Definition of "Teaser rate"

Jason Treco real estate agent

Written by

Jason Trecoelite badge icon

eXp Realty

An enticingly attractive initial rate below the market offered in an adjustable rate mortgage. For example, the teaser rate may be offered at 2% below market. A borrower who cannot qualify at the market rate might be able to do so at the teaser rate.

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

Individual who by his expertise, education, and experience prepares syndication reports. ...

Act of obtaining land through condemnation. For example, when in interstate highway must be constructed, the land for the new road is obtained through takings. Usually, the government ...

Ask Price is the initial listed price for a piece of real estate.It’s important to understand that, in the real estate world, there’s no such thing as a fixed price when buying ...

Claim or debt that may be recovered by instituting a lawsuit. ...

Concrete with steel rods inserted into it to provide additional working load support. The premise is that both materials will act together in resisting loan stress. ...

Something that is illegal. An example is an unenforceable debt because it has exceeded the statute of limitations. ...

Reduction in the normal rental charge to attract prospective tenants or keep existing tenants at lease renewal. Discounts may be given to obtain a higher occupancy rate, make it easier of ...

Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mortgage property is sold. ...

Ownership of property by one individual. ...

Popular Real Estate Questions