> Real Estate Glossary




  Periodic Rate Cap

For an adjustable-rate mortgage (ARM), a limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.

 

[ Back To Real Estate Glossary ]

"It's Simple, I Listen."


Residential Listings | Lots / Land | Commercial | See "Sold!" Listings | Contact Diane | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu