Some adjustable rate mortgages contain payment caps that limit monthly mortgage payments.

Name: Some adjustable rate mortgages contain payment caps that limit monthly mortgage payments.
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Adjustable rate mortgages with payment caps have a limit on how much the monthly payment can increase, even if the interest rate on the loan goes up. This helps to provide some stability and predictability for borrowers who choose an adjustable rate mortgage.

Some Adjustable Rate Mortgages Contain Payment Caps That Limit Monthly