Cap

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Cap is for an adjustable-rate mortgage (ARM), a limitation on the amount the interest rate or mortgage payments may increase or decrease.  See also “Lifetime Payment Cap,” “Lifetime Rate Cap,” “Periodic Payment Cap,” and “Periodic Rate Cap”

This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Cap is brought to you by SimplifyEm Pay Rent Online and Property Management Software

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