An interest rate ceiling is the maximum interest rate that can be charged on a variable-rate loan. Interest rate ceilings are also called interest rate caps.

For an adjustable-rate mortgage (ARM), the maximum rate to which your loan can climb.

For an adjustable-rate mortgage (ARM), the maximum interest rate, as specified in the mortgage note.

The most the interest rate can increase over the term of a loan.

The highest rate of interest chargeable under a Variable or Adjustable Rate Mortgage, as set out in the mortgage contract.

The highest interest rate possible under an ARM contract; same as lifetime cap. It is often expressed as a specified number of percentage points above the initial interest rate.

The maximum interest rate for an ARM loan.

The maximum interest rate that can be charged by a lender on an adjustable rate mortgage.

The highest interest a lender can charge for an adjustable-rate mortgage.

Related: interest rate cap.

Specified in the loan agreement, the highest percentage a lender can charge før an adjustable-rate mortgage.

The interest rate ceiling is the highest interest rate possible under an ARM. You may hear this called the lifetime cap and it based on the number of percentage points your rate can increase from your initial rate.

The absolute maximum rate of interest that a financial institution can charge for an adjustable rate mortgage or loan.

The predetermined maximum interest rate in an adjustable rate mortgage.

Highest interest rate allowed to be charged on an adjustable rate mortgage.

The maximum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note