ARM

Wikoff Mortgage offers a range of Adjustable Rate Mortgages (ARMs) designed to meet diverse financial needs. ARMs feature fluctuating interest rates based on market indices, potentially lowering initial payments compared to fixed-rate loans. These loans are characterized by a fixed interest rate period followed by adjustable rates, exemplified by terms like 5/1 or 7/1, indicating the years of fixed rate before adjustments. Applicants are evaluated based on income, debt ratios, credit scores, and job stability to ensure they meet the eligibility criteria. Wikoff Mortgage emphasizes a personalized approach, utilizing advanced technology and thorough client engagement to tailor loans to individual life paths.