Caps

Apr 9, 2016

The maximum amount the interest rate can change annually or cumulatively over the life of an adjustable-rate mortgage. For example, if the caps are 2 percent annual and 6 percent life of loan, a mortgage with a first-year rate of 10 percent could rise to no more than 12 percent the second year, and no more than 16 percent over the entire loan term.

"Story Time" Newsletters

WARMUP WITH THESE POPULAR COLORADO JANUARY EVENTSJanuary, 2024
DECEMBER 2023 GUIDE TO HOLIDAY LIGHT SHOWS, SANTA VISITS, SEASONAL FOOD & DRINK, PARADES, AND MORE!November, 2023
Ranging from easy to advanced, dirt to paved, flat roads to steep grades, there are bike trails to match the riding experience you're looking for.
PIONEERING WOMEN OF BOULDER, CONovember, 2023
Ranging from easy to advanced, dirt to paved, flat roads to steep grades, there are bike trails to match the riding experience you're looking for.
FANTASTIC FALL FUN EVENTS IN COLORADOOctober, 2023
Ranging from easy to advanced, dirt to paved, flat roads to steep grades, there are bike trails to match the riding experience you're looking for.
CARNEGIE LIBRARIES: The Future Made BrightSeptember, 2023
THERE'S A LONG HISTORY of wineries in Colorado. Grape vines found their way into Colorado by way of European settlers who had come to work the mines in Pueblo and Canon City during the Colorado gold rush over a century ago.
Celebrate Colorado Peaches and their History at these 3 Festivals!August, 2023
THERE'S A LONG HISTORY of wineries in Colorado. Grape vines found their way into Colorado by way of European settlers who had come to work the mines in Pueblo and Canon City during the Colorado gold rush over a century ago.
Colorado Wine – Rooted in HistoryJuly, 2023
THERE'S A LONG HISTORY of wineries in Colorado. Grape vines found their way into Colorado by way of European settlers who had come to work the mines in Pueblo and Canon City during the Colorado gold rush over a century ago.