Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
Free Loan Advice and Financial Information  
Browse by Letter

Loan and Mortgage Terms Glossary


(1) the highest and lowest rates of interest that will be paid on the face value of a floating-rate note. (2) an agreement between a buyer and seller. The buyer pays a fee to the seller. In return, the seller will pay the buyer if a designated floating index rate rises above or falls below a specified range of fixed rates. See cap. See floor.

Contact | Advertising Information | Other Resources

Copyright 2002-2006