|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 ]
|Home | HOMES | LOTS & LAND | COMMERCIAL | TN MLS | NC MLS | BUYER REQUEST | SELLER REQUEST | Buyer/Seller Info | Relocation | Newsletter | Local Weather | Local Links | Community Overview | Local Phone #s | Schools | Contact Us | Our Agents | Mortgage Calculator | Mortgage Rates | Real Estate News | Guest Book|