Definition
Cap
A limit on how much an ARM rate can change at first adjustment, at each subsequent adjustment, and over the life of the loan.
Nearby terms
Bridge Loan
Short-term financing allowing a buyer to purchase before selling an existing property.
Buydown
Paying upfront to reduce the interest rate, either permanently (discount points) or temporarily (a 2-1 or 3-2-1 structure).
Capitalization Rate
Net operating income divided by property value.
Cash-on-Cash Return
Annual pre-tax cash flow divided by total cash invested.
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