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The Mortgage Route A to Z
Cap and Collar

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter C

Cap and Collar

This is the same as capped but in addition to the ceiling on the rise of the rate there is also a floor on the rate so regardless of what rates do over time your loan wont rise or fall outside the cap and collar rates.


FSA declaration and important text about mortgage advice