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Cap

The mortgage definition for Cap:

A limit on the amount the interest rate or monthly payment can increase in an adjustable rate mortgage.

Similar Matches

Cap & collar mortgage

Cap & collar mortgage
This is a mortgage that has both a top and bottom limit set for the interest rate. It is a very safe and risk free type of mortgage, as you are protected against intetrest rate rises above a certain point, but you are losing some of the potential gains if interest rates drop.


Capital

Capital
In the context of mortgages, capital describes the original sum borrowed as distinct from interest required on that loan. A repayment mortgage involves repayment of a little of the capital interest each month.


Capital appreciation or depreciation

Capital appreciation or depreciation
The increase or decrease in the value of the individual's investment in the property.


Further Suggestions

Capital expenditure
Capital gains
Capital gains tax
Capital growth
Capped rate mortgage
Lifetime cap


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Cap
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