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Interest rate caps
A limit on the amount that can be charged to the monthly payment of an adjustable-rate mortgage during an adjustment period.
Related Terms
Rate lock
Interest rate buy-down plans
Interest rate ceiling
Initial interest rate
Certificate of deposit index
Variable rate mortgage
Interest accrual rate
Variable interest rate
Variable rate
Adjustment period
Cap
Adjustable-rate mortgage (ARM)
Rate-improvement mortgage
Interest rate
Fixed-rate mortgage
Step-rate mortgage
Treasury index
Lock-in
Note rate
Negative amortization
Mortgage
Note
Life cap
Buy-down mortgage
Compound interest
Prepaid interest
Margin
Capitalization rate
Teaser rate
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