Cap

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.

FREE Listing Alerts

Sign up today - it's FREE

Foreclosure Deals

Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch, Inc 1999-2019. All Rights Reserved.