A limit on the amount an ARM's interest rate can increase during the mortgage term.
Related information about life cap:
- Life Cap Definition | Investopedia
The maximum amount that the interest rate on an adjustable rate loan can increase over the term of the loan. A life cap can be expressed as an absolute interest ...
- Life Cap
This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. Life Cap refers to...
- Miller High Life Cap
This cap will be the envy of all your friends. It features six-panel, low-profile, unstructured cotton twill with Miller High Life embroidery on crown, contrast ...
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- What Is a Life Cap?
A life cap is a limit put in place on an adjustable rate mortgage to confine interest rate increases. On a mortgage with a life cap, the interest rate cannot go ...
- "Give a Veteran a Piece of the High Life" program. - Miller High Life ...
For every High Life cap or tab you drop off at participating retailers or mail in, Miller High Life will donate 10¢ toward High Life Experiences for returning vets.