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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 (LTV)

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