The maximum amount a monthly payment may increase on an ARM.
Related information about payment cap:
- Payment Cap: Definition from Answers.com
Payment Cap Clause in an Adjustable Rate Mortgage (ARM) limiting monthly payment adjustments, usually restricting the increase to a percentage of the ...
- Adjustable-Rate Mortgages (ARM) - Payment Caps, Negative ...
For example, with a 7.5% payment cap, a payment of $100 could increase to no more ... If your ARM includes a payment cap, be sure to find out about "negative ...
- payment cap - Financial Dictionary - The Free Dictionary
The maximum periodic payment a borrower may be charged on a contract or agreement. For example, an adjustable-rate mortgage may have a payment cap ...
- payment cap Definition | Business Dictionaries from AllBusiness.com
An ARM with a 71/2% payment cap and monthly payments of $100 can increase to no more than $107.50 in the first adjustment period, and $115.56 in the ...
- Caps (Payment) - LendingTree
For example, say you have a 7.5 percent payment cap with a $500 a month ... A payment cap may seem like a good idea, but it definitely has drawbacks.
- Who Qualifies for Obama's 10% Student Loan Payment Cap ...
Oct 27, 2011 ... Borrowers who hope to save the most from the president's executive orders will look to this provision -- but it only applies to those who take ...
- CDLE - Unemp Insurance:Colorado Automated Payment Card
An alternative to receiving Unemployment Insurance (UI) benefits via direct deposit is the Colorado Automated Payment (CAP) Card, a Visa® debit card ...
- Capital Accumulation Payment (CAP) - University of California ...
If you were a UCRP member in 1992, 1993, 1994, 2002 and/or 2003, you may have a separate account balance in UCRP known as the Capital Accumulation ...