The highest interest rate possible under an ARM contract; same as “lifetime cap.” It is often expressed as a specified number of percentage points above the initial interest rate.
Cornerstone Mortgage
 |
 |
 |
 |
 |
 |
 |
 |
 |
Cornerstone Mortgage
by Admin
The highest interest rate possible under an ARM contract; same as “lifetime cap.” It is often expressed as a specified number of percentage points above the initial interest rate.
|
|
|
|
|
|
|
|
|