Site Map


Cap & collar mortgage

The mortgage definition for 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.

Similar Matches

Assumable mortgage

Assumable mortgage
A mortgage that can be transferred to another borrower.

Balloon mortgage

Balloon mortgage
A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.

Biweekly mortgage

Biweekly mortgage
A mortgage that requires payments every two weeks and helps repay the loan over a shorter term.

Further Suggestions

Blanket mortgage
Buy down mortgage
Capped rate mortgage
Cashback mortgages
Chattel mortgage
Cooperative mortgages
Council of Mortgage Lenders

Click to compare definitions of
Cap & collar mortgage
Click to view definitions beginning ca
  www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.