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Glossary of Terms > L > Life Cap

Life Cap

For an adjustable-rate mortgage (ARM), a life cap is the limit on the amount that the enterest rate can rise or drop over the duration of the loan.

L Terms

Lease

Lease Option

Liabilities

Lien

Life Cap

Line of Credit

Liquid Assets

Lis Pendens

Listing Price

Loan

Loan Officer

Loan Origination

Loan Servicing

Loan-to-Value Ratio

Lock