Lifetime cap

A limit on the amount that the payments of an Adjustable rate mortgage can increase or decrease during the Mortgage term.

Related Terms: 6 Adjustable rate, Adjustable Rate Mortgage, Inc., Mortgage, Ring, Term

Other Related Pages: Category: Real_Estate Starting With: L

Additional Related Terms: Adjustable rate, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, Adjustable rate preferred stock, Adjustable life insurance, At risk