Interest Rate Ceiling


Definition of "Interest Rate Ceiling"

Kathleen  Parsons <br> Kathleen A. Parsons LLC real estate agent
Kathleen Parsons
Kathleen A. Parsons LLC, Real Estate Agent
RE/MAX Professional Realty

The highest rate possible under an ARM contract; same as 'lifetime cap.' It is often expressed as a specified number of percentage points above the initial interest rate.

 

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