| formula is: "The Caps" - In industry slang, there you could ask for the Caps of a loan, and if your broker or loan officer is intelligent enough to read the rate sheets they are quoting from, it is ALWAYS displayed and available. This is basic bank of america mortgage rate california the ABC's of mortgage lending, if you're working with someone that can't or won't explain this bank of america mortgage rate california you, go elsewhere. What's better? - The lower these numbers are, the better for you, especially, the first number. Examples: 2/2/5 - 5/2/5 - 2/1/6 - 3/1/6 - 2/4 - 1/1/5 The first number | ![]() |
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