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a specified minimum and home loan maximum)
a specified minimum rate, hence a capped and collared Mortgage will be a variable rate mortgage, where the rate will be limited between a known minimum and maximum)
variable rate loan within a fixed upper and lower limit.
A type of variable rate loan which may rise and fall over time, but only within a pre-determined upper and lower level.
The minimum rate below which a mortgage will not fall in the incentive period.
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