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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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Arroyo Grande, Pismo Beach and Central Coast Real Estate
Carl Tyler, Cornerstone Real Estate
(805) 598-HOME
Serving San Luis Obispo, Arroyo Grande, Pismo Beach and the Central Coast
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