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Texas Independent Bankers Plan Mortgage Review Week
Texas independent bankers are joining a national bank mortgage week set for November 5-9 to answer questions about home mortgages and discuss financing options with first-timers in the housing market.
Members of the Independent Bankers Association of Texas (IBAT), representing more than 2,000 community banks and branches, are participating in National Community Bank Mortgage Week, joining a movement by the Independent Community Bankers of America (ICBA) to clear up confusion about mortgages and home buying.
Participating banks will review home mortgage documents of current homeowners, provide information for those in the market for their first house and help those owners looking to purchase new homes or refinance existing mortgages.
Local bankers will review mortgage documents and help borrowers understand what type mortgage loan they have (fixed-rate or adjustable-rate) and if it is adjustable, when the next reset will occur.
“Community banks are placing a special focus on reaching out to mortgage holders during this designated week,” IBAT President Chris Williston said. “Borrowers who have mortgages with terms they may not understand, are interested in refinancing options or need information about financing possibilities for new homes should visit their independent bank and talk to common sense lenders who will help find a mortgage that is right for them.”
National partners with ICBA for this endeavor include Fannie Mae, Freddie Mac, the Federal Home Loan Banks and Taylor Bean & Whitaker.
For more information on how to participate, CLICK HERE.
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