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If The Flag Offends You Kiss My Montanass Cap

If The Flag Offends You Kiss My Montanass Cap

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If The Flag Offends You Kiss My Montanass Cap

If The Flag Offends You Kiss My Montanass Cap

If The Flag Offends You Kiss My Montanass Cap“A cap is a specified interest rate on an adjustable rate mortgage product. It’s the maximum amount that a lender can charge and the lowest amount that a borrower can pay. Interest rate cap agreements will be stated in an investment prospectus or contract. In some cases, cap agreements may also be stated in an underwriting prospectus for the same type of mortgage. Such agreements are used before a loan is closed between two lenders.

If The Flag Offends You Kiss My Montanass CapThere are many reasons why a cap could be placed on an interest rate. Typically, a cap is placed on an interest rate in order to limit the total amount of profit that a lender makes on the sale of a loan. If a cap was placed on the interest rate it would make it more difficult for a lender to lend money. If the cap were removed, the lender might be forced to lend less money overall or be subject to paying out too much interest on the variable rate credit product that is being sold. Or, if the cap was increased the borrower would have the ability to borrow more 

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