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What is a lifetime cap?

What is a lifetime cap?
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What is a lifetime cap?

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User Akhilesh Sinha
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2 Answers

1 vote
A lifetime cap is the maximum interest rate a borrower could ever pay during the life of a loan.
answered
User Topological Sort
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4 votes

Answer: A limit on how much an ARM's interest rate can change over the

life of a mortgage

Step-by-step explanation: took the quiz.

answered
User Esh
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7.9k points
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