Respuesta :
The Teaser Rate provides for a temporarily reduced initial rate in Adjustable Rate Mortgages.
A teaser rate generally refers to an introductory rate charged on a credit product. Credits cards may charge borrowers an introductory rate of 0%. Adjustable rate mortgages (ARMs) are also known for charging a low initial rate that helps entice borrowers. Teaser rates may also serve to increase the marketability of ARMs over traditional mortgages.
A teaser rate generally refers to an introductory rate charged on a credit product. Credits cards and adjustable rate mortgages (ARMs) are both known for charging a low initial rate that helps entice borrowers. Lenders and informal lenders may include teaser rates in credit product prequalification marketing as a way of adding an incentive for new customers.
To know more Adjustable rate mortgages about here
https://brainly.com/question/12501670
#SPJ4
