Glossary of terms used on this site
There are 105 entries in this glossary.All
| Term | Definition |
|---|---|
| Cap |
The maximum amount an interest rate or monthly payment can change, either at established intervals and/or over the life of the mortgage. |
| Term | Definition |
|---|---|
| Cap |
The maximum amount an interest rate or monthly payment can change, either at established intervals and/or over the life of the mortgage. |