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Home capped rate mortgage loan

The capped rate mortgage loan has an adjustable rate that fluctuates with the market's prime rate. And it's capped, meaning it can never fluctuate above a set rate.

A capped rate mortgage is a comfort to have around. With it by your side, you'll have the lowest rate possible, because it's adjustable rate is always 3/4% lower than the prime rate. And that lowest rate will be capped at a reasonable rate. So you'll be safe from extreme economic changes.

With the lowest capped rate, you can get larger home or multi-residential real estate and you will always know your max cost of ownership. Lowest capped rates can almost guarantee you monthly home mortgage loan payments that equal your current rent payments and won't exceed a known maximum amount. They can also get you larger houses and multi-residential real estate to rent out, along with the knowledge of your maximum cost for making a profit. So then your adjustable capped rate has made you money - in a secure way.

Crazy for debt consolidation? An adjustable capped rate can get you the lowest home mortgage loan rates with a set limit to how much it can rise. Your mortgage loan rate can be far lower and than your current credit card or loan rates - and within a set safe range.

Contemplating equity take out? By this mortgage-type giving you the lowest rate, you can get a lot of cash out of your home or multi-residential real estate. And you'll always know your max cost for having that cash.

Choose to get a line of credit with a capped rate mortgage loan. You can get a home mortgage loan rate that's way lower than bank rates for your line of credit. And it won't ever be higher than you can handle.

Get this mortgage type today! Just fill out the home mortgage application.

Learn about the payments, amortization , terms and down payments for home capped rate mortgages

Payments for capped rate mortgages

If you use an institutional or private lender, you can pay off capped rate mortgage loans with:

• Constant payments - which means your amortization will keep changing

Or you can have your payments be inconstant (so be different sizes every time you make a payment) - which means your amortization will stay the same.

Amortization for capped rate mortgages

You can get an amortization of 5-25 years for capped rate mortgage loans, whether you use an institutional or private lender.

You can have your amortization stay the same length - which means the sizes of your payments will keep changing.

Or, you can have you amortization change in length - which means the sizes of your payments will stay the same.

Terms for capped rate mortgages

These are the terms you can get for my type of mortgage loan, if you use an institutional lender:

• Short terms (6 months to 5 years) - with a 5 year term length being the most common
• Long terms (6 years to 18 years)

These are the terms you can get for my type of mortgage loan, if you use a private lender:

• Short terms (6 months to 5 years)
• Long terms (6 years to 18 years)

Down payments for capped rate mortgages

These are the down payments you can make on this mortgage type, if you use an institutional lender:

• Down payments 5%-25% of your real estate's value
• Down payments 25%-95% of your real estate's value

These are the down payments you can make on this mortgage type, if you use a private lender:

• Down payments 5%-25% of your real estate's value
• Down payments 25%-95% of your real estate's value
• No down payment (0% down)

To find out the definitions of some of these mortgage loan terms, check out the mortgage glossary.

If you want to get more info about capped rate mortgage loans, contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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