Payment Adjustment Cap | Mortgage Glossary

Definition of "Payment Adjustment Cap"

Limit on the size of payment change on an adjustable rate mortgage.

Payments made to enhance the appearance and conditions of real estate property. In so doing, the mar ...

Life insurance policy provision stating that after the death of an insured, the proceeds from a poli ...

In health insurance, the number of days for which benefits are paid to the named insured and his or ...

Retirement plan under which a discrete increment of periodic retirement income is credited to an emp ...

Money payments to be delayed for a future date or extended over a period of time. ...

Purchasing bond investments that mature at different time intervals. ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

A sales contract is the contract you draw up when you want to make an offer on a home. ...

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

A subdivision is a piece of land divided into several plots in which homes are built. ...

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