Questions about Buying or Selling a House

Amy Notargiacomo
Call Today (252) 725-2464
Amy@HavelockHomesOnline.com
Broker, ABR®, e-Pro®, REALTOR®
CENTURY 21 Town & Country Realty

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Questions about Buying or Selling a House

Cap

A provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease. See lifetime payment cap, lifetime rate cap, periodic payment cap, and periodic rate cap.

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