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A limit on the range interest rates can increase or decrease over the life of an adjustable-rate mortgage (ARM).
Life Cap. (n.d.). Homes & Communities Glossary. Retrieved July 24, 2017, from website: http://www.expertglossary.com/definition/life-cap.
Life Cap. www.hud.gov. Homes & Communities Glossary. US Department of Housing and Urban Development. http://www.expertglossary.com/definition/life-cap (accessed: July 24, 2017).
"Life Cap." Homes & Communities Glossary. US Department of Housing and Urban Development. 24 July. 2017 http://www.expertglossary.com/definition/life-cap.
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