Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Caps
California Association of Realtors
Updated 10-31-2026
Caps
Provisions of an adjustable-rate mortgage limiting how much the interest rate can change at each adjustment period (e.g., every six months, once a year) or over the life of the loan (rate cap). A payment cap limits how much the payment due on the loan can increase or decrease.
California Association of Realtors Glossary
California Association of Realtors · p. 3
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