7/1

• 7/1 Adjustable-Rate Mortgage Texas Veritas offers a full range of fixed-period adjustable-rate mortgage products to fit your borrowers' needs. Fixed-period adjustable-rate mortgages have an initial fixed-rate period, after which the rate may adjust either upwards or downwards annually, based on the cap structure and the index chosen. Lender Benefits Offer a competitive alternative to balloons or other fixed-rate mortgage options Expand your ARM market by offering multiple index options Qualify borrowers with lower rates Qualify borrowers for larger loan balances Originate mortgage assets that more closely track your cost of funds; minimize basis risk Consumer Benefits Interest-savings in the short-run compared to comparable fixed-rate loans Terms and features to suit almost any borrowers' needs Qualify for higher loan amounts with lower interest rates than comparable fixed-rate loans