Real Estate Terms and Glossary
A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z  
Back to Real Estate Glossary

Payment Cap

With regard to an adjustable rate mortgage, limits the increase in the borrower’s monthly principal and interest at the payment adjustment date. This limitation is often at the borrower’s option and may result in negative amortization.










 
Real Estate Directory | Find a Real Estate Agent | Real Estate Market News | Real Estate Forum
| Real Estate Blog | Homes for Sale | Real Estate Marketing | About IQ Real Estate
Information contained herein is deemed accurate and correct, but no warranty is implied or given.
© 2006-2012 IQRealEstate.com