Teaser Rate
Similar to a Payment Discount, but implies either an unusually large initial rate discount or an attempt by the lender to lure an otherwise unqualified borrower into the mortgage. Almost always results in a difficult payment increase for the borrower at the discount period's end. Title A legal document establishing the right of ownership.

Truth-In-Lending (TIL)
A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the APR and other changes.