The maximum amount the interest rate may increase at each regularly scheduled interest rate adjustment date on an ARM.
Related information about subsequent rate cap:
- What is subsequent rate cap? definition and meaning
Definition of subsequent rate cap: The maximum amount the interest rate may increase at each regularly scheduled interest rate adjustment date on an ARM.
- What is subsequent rate adjustments? definition and meaning
subsequent rate adjustments. subsequent offering · subsequent rate cap. Definition. The interest rate for ARMs that adjusts at regular intervals, sometimes ...
- What is adjustment date? definition and meaning
Related Terms. interest rate cap structure · initial interest rate cap · payment change date · subsequent rate cap · indexed ARM. Browse by Letter: ...
- Government National Mortgage Association - Ginnie Mae
Sep 28, 2007 ... type, initial and subsequent rate cap, lifetime interest rate cap and interest rate change date prior to initially certifying the pool. The attached ...
- A year after electricity rate caps ended, most energy customers are ...
Feb 10, 2012 ... The result has been that subsequent rate-cap expirations have produced less dramatic increases. — Peter Key. Peter covers education, energy ...
- FOR IMMEDIATE RELEASE Contact: David I. Ginsburg ... - Loantech
Jun 1, 2010 ... example, the initial rate cap might be five percent while the subsequent rate cap is one percent. This results in borrowers being provided ...
- CFPB Sen Banking Comm Response to - National Automobile ...
have to comply with any subsequent rate cap or other rules and orders imposed on them by the Bureau. The Brownback Amendment clearly would not limit the ...
- Glossary - Us Wide Financial
Subsequent rate cap A specific limit defined by most adjustable rate loans (ARMs ) for the maximum amount the interest rate may increase at each regularly ...