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Periodic payment cap
In Real Estate terminology how do you define what "Periodic payment cap" mean exactly?
It happens in those mortgages with adjustable rate and it's the limit on the amount that the interest rate can increase or decrease during any one adjustment period.
International Level: Politics 101 / Political Participation: 0 0%
This is so important. So many people could have benefited from a cap in the last real estate crisis but of cousre it depends on what that cap is because if it is double or triple your mortgage payments then you still sink.
International Level: Senior Politician / Political Participation: 172 17.2%