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.
KATHLEEN NAGLE realtor ORLEANS realtor CAPE COD realtor EASTHAM realtor CAPE COD realtor WELLFLEET realtor CAPE COD realtor TRURO realtor CAPE COD realtor PROVINCETOWN realtor CAPE COD I am licensed in the state of MA
