CHILDERS REALTY & ASSOCIATES
CHILDERS REALTY & ASSOCIATES
(662) 728-7694 FAX # 728-5000


JANE GILLESPIE - BROKER
jogillespie@bellsouth.net

CHILDERS REALTY & ASSOCIATES
"The House-Sold" Name in Real Estate
Tammie Watson - Realtor - watsontammie@bellsouth.net
Real Estate Glossary

  Cap

A provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease. See lifetime payment cap, lifetime rate cap, periodic payment cap, and periodic rate cap.

 

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