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Cap Payment is a limit on the amount that your monthly mortgage payment on a loan may change, usually a percentage of the loan. The limit can be applied each time the payment changes or during the life of the mortgage. Payment caps may lead to negative amortization because they do not limit the amount of interest the lender is earning.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Cap Payment is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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