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4 Steps to Interest Rate Cap Execution
An interest rate cap protects borrowers against rising interest rates. Although the borrower pays an up-front premium, a properly structured interest rate cap usually benefits the borrower over the term of the loan. With an interest rate cap, the borrower effectively locks in a maximum rate, while retaining the opportunity for reduced or falling rates.
Download this checklist to guide you through each stage of the Interest Rate Cap Execution process.