{"id":3116,"date":"2017-09-08T08:26:37","date_gmt":"2017-09-08T12:26:37","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&#038;p=3116"},"modified":"2017-11-22T11:26:03","modified_gmt":"2017-11-22T16:26:03","slug":"cap-rate","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/cap-rate","title":{"rendered":"Mortgage Cap Rate"},"content":{"rendered":"<p>A mortgage cap rate is the maximum allowable interest rate a lender can charge on a pre-existing <a href=\"https:\/\/www.zolo.ca\/blog\/glossary\/mortgage\">mortgage<\/a> contract. Cap rates on mortgages are typically only used in variable rate mortgage contracts and in convertible mortgage contracts (where borrowers can opt to switch from a <a href=\"https:\/\/www.zolo.ca\/blog\/glossary\/variable-interest-rate\">variable<\/a> to a fixed rate within the mortgage contract term).<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-3116","encyclopedia","type-encyclopedia","status-publish","hentry","encyclopedia-tag-mortgage"],"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/3116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=3116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}