A limit on the amount that payments can increase or decrease over the life of an ARM.
Related information about lifetime payment cap:
- What is lifetime payment cap? definition and meaning
Definition of lifetime payment cap: A limit on the amount that payments can increase or decrease over the life of an ARM.
- What is a Lifetime Payment Cap? | 24 Hour Loan Officer
May 2, 2012 ... For an adjustable-rate mortgage (ARM), a limit on the amount that payments can increase or decrease over the life of the mortgage. Reply. -4 ...
- Terms - First American Mortgage
... Lease-Purchase Mortgage Loan; Liabilities; Lifetime Payment Cap; Lifetime Rate Cap; Line of Credit; Liquid Asset; Loan; Loan-to-Value (LTV) Percentage ...
- L - Greenlight Financial :: You've Got the Greenlight!
Lessee Lessor Liabilities Liability Insurance Liability on an Account LIBOR, Lien Lien Certificate Lifetime Interest Rate Cap Lifetime Payment Cap Line of Credit ...
- Credit Rating - Mortgage Master Inc. Glossary
... the interest rate or mortgage payments may increase or decrease. See lifetime payment cap, lifetime rate cap, periodic payment cap, and periodic rate cap.
- L - Mortgage Master Inc. Glossary
Lifetime Payment Cap. For an adjustable-rate mortgage (ARM), a limit on the amount that payments can increase or decrease over the life of the mortgage.
- Real Estate Glossary - C
See lifetime payment cap, periodic payment cap, and periodic rate cap. capital: (1 ) Money used to create income, either as an investment in a business or an ...
- glossary - Home Loan, Refinance, FHA Rates | Fresno Madera ...
Interest Rate Ceiling; Interest Rate Floor; Late Charge; Lease-Purchase Mortgage Loan; Liabilities; Lifetime Payment Cap; Lifetime Rate Cap; Line of Credit ...