A provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease. See lifetime payment cap, lifetime rate cap, periodic payment cap, and periodic rate cap.
*Fees vary for homes over $300k. Call for details.
Commissions may be negotiable and are not set by law. Any comparisons to a percentage commission, such as 6%, are for illustration and comparison purposes only. The information herein is deemed to be accurate, but not guaranteed. All information is to be verified. If your home is listed with a REALTOR®, this is not intended as a solicitation of your listing.