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A mortgage broker is offering a 3 0 - year $ 1 9 2 , 9 0 0 mortgage with a teaser rate. In the

A mortgage broker is offering a 30-year $192,900 mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 4.9 percent APR interest rate. After the second year, the mortgage interest rate charged increases to 7.9 percent APR.

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