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Timberland Bancorp is urging people to improve their understanding of mortgage terminology as April brings Financial Literacy Month.
The company is encouraging individuals to familiarize themselves with key mortgage-related terms such as amortization and underwriting. A curated list of terms has been made available through their official resources, aiming to enhance consumer knowledge at a time when financial awareness is being spotlighted nationally.
Earlier this year, Timberland Bancorp opened a new branch in University Place with support from local officials and community members, according to company statements. The company later announced Carli Lawlor as the winner of the University Place branch giveaway, an event that increased local engagement at the new location, company reports show. Both initiatives reflect ongoing efforts by Timberland Bancorp to connect with its customer base.