Realtor Jargon:
Periodic Payment Cap:
A limit on the amount that payments can increase or decrease during any single adjustment period.
Appraisal


Appraisal

A professional opinion of the value of a property by a licensed real estate appraiser.



Click a link below for related topics

For a more indepth definition or explanation of Appraisal and how it affects your real estate transaction, call me!