Also known as a "rate cap," provision of an adjustable-rate mortgage (ARM) that limits the maximum interest rate on mortgage payments or how they may increase. See lifetime payment cap, lifetime rate cap, periodic payment cap, and periodic rate cap.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
|
|
|
|
