Real Estate Glossary



  Cap

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.

 

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Steve Stoddard is a licensed Realtor and broker affiliated with Suburban Realty Inc of Manchester NH and works with clients as both a buyer's agent and a sellers agent in the purchase and sales of single family homes, multi-family homes, and condominiums in the greater Manchester NH area. Suburban Realty, Inc. is an authorized HUD home broker.


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