Rate Caps  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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Any limits that the lender states in terms of the movement in the interest rates with an ARM. For example, there may be limits as to how much the rate will go up at every adjustment period and also limits regarding how much the rate will increase to at all, at any point in the term of the mortgage.

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2.89%

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2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Mortgage Glossary

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