On an adjustable rate mortgage, do borrowers always prefer smaller (tighter) rate caps that limit the amount

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On an adjustable rate mortgage, do borrowers always prefer smaller (tighter) rate caps that limit the amount the contract interest rate can increase in any given year or over the life of the loan?

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Real Estate Principles A Value Approach

ISBN: 978-0077836368

5th edition

Authors: David C Ling, Wayne Archer

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Question Posted: May 27, 2018 07:36 AM

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On an adjustable rate mortgage, do borrowers always prefer smaller (tighter) rate caps that limit the amount

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Borrower preference is dependent at elast in part on ...View the full answer

Real Estate Principles A Value Approach

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