Real Estate Glossary



  Initial Interest Rate

The original interest rate of the mortgage at the time of closing. This rate changes for an adjustable-rate mortgage (ARM). Sometimes known as "start rate" or "teaser."

 

[ Back To Real Estate Glossary ]

STAR Realtors "Moving people...Realtors to the Stars!"972-979-0060 or 214-477-3088


Guest Book | Home | Mortgage Rates | Relocation | Community Info/Links | Contact Carrie

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu