Question: On an adjustable - rate mortgage, what benefit do borrows get from purchasing a rate cap? Borrower always saves money Borrower shifts interest rate risk

On an adjustable-rate mortgage, what benefit do borrows get from purchasing a rate cap?
Borrower always saves money
Borrower shifts interest rate risk onto third party
Borrower always pays the same interest rate
Borrower assumes more interest rate risk
On an adjustable - rate mortgage, what benefit do

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