Real Estate Term of the Day: Cap
CAP – in adjustable rate mortgages, a limit placed on adjustments to protect the borrower from large increases in the interest rate or the payment level (Barron’s Dictionary of Real Estate Terms)
Real Estate Term of the Day: Cap
CAP – in adjustable rate mortgages, a limit placed on adjustments to protect the borrower from large increases in the interest rate or the payment level (Barron’s Dictionary of Real Estate Terms)
LESLIE MONACO REAL ESTATE 