A variable or flexible rate mortgage with an interest rate that adjusts periodically according to the financial index it is based upon plus a margin. To limit the borrower¹s risk, the ARM may have a payment or rate cap.
Disclaimer
Sierra Capital Mortgage Company is a DBA of R & L Wilcox, Inc., a California Corporation licensed under the California Bureau of Real Estate, License # 01783694, NMLS Company ID # 327610.
Linda Wilcox is licensed by the California Bureau of Real Estate, License # 01148651, NMLS Individual ID #245204.
Roland Wilcox is licensed by the California Bureau of Real Estate, License # 01348817, NMLS Individual ID #245214.
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