Mortgages Quizzes-A "teaser rate" is: - E-PersonalFinance
    • Answer to Quiz
    College Saving
    A "teaser rate" is:
    Answer: (c)
    A "teaser rate" is a low initial interest rate on an adjustable rate mortgage loan. An "adjustable-rate mortgage" is a mortgage loan where the interest rate is periodically adjusted based on an established index.


    Next Quiz:
    College Saving
    A prospective borrower who is denied a mortgage loan has a legal right to find out why.


  • Word of the Day
    Word of the Day

    Recording

    The term "recording" refers to the filing in a public office of the details of a legal...

    Read more
    • Copyright © By unibs.co.uk All rights Reserved