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Tennant Lending

Tennant lending is a real estate education center. Our mission is helping families grow wealth by facilitating real estate ownership throughout the country.

Seasoned Homeowners  | Oct 31, 2024
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2024 Real Estate Appraisal Trends
First Time Homebuyer  | Oct 29, 2024
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FHFA's 2024 Policy Updates: What Homebuyers and Lenders Need to Know
FHA Mortgage Loans  | Oct 28, 2024
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Expanding Public Home Appraisal Data
Refinancing  | Aug 22, 2024
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Understanding DSCR Loans
First Time Homebuyer  | Aug 08, 2024
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NMLS Consumer Access: How to Verify Mortgage Professionals (2024)
Refinancing  | Jun 10, 2024
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What Is Cash Out Refinancing?

Read Our Latest Posts

Latest Posts

127 Posts
What are the interest rates for home equity lines of credit?

In this article, we will explore the current landscape of HELOC rates, how to calculate your potential payments, and where to find the best rates. Whether you're considering a HELOC or just shopping around, this guide will provide valuable insights.

Are HELOC interest rates fixed or variable?

Understanding the nature of HELOC interest rates can help borrowers make informed decisions that align with their financial goals and situations.

What are the typical repayment terms for a HELOC?

This article will delve into the key aspects of HELOC repayment terms, including the draw period, repayment period, monthly payments, and the presence of balloon payments.

What documents do I need to provide when applying for a HELOC?

In this comprehensive guide, we'll walk you through the documents you'll need to gather for your HELOC application, what to bring to your appointment, and other essential information to help you navigate the process smoothly.

What are the closing costs associated with a home equity line of credit?

Understanding the closing costs associated with a Home Equity Line of Credit is vital before proceeding with this type of loan. These costs can add up, impacting the overall affordability of the loan.

Is there a downside to HELOC?

Home Equity Lines of Credit (HELOCs) have become a popular way for homeowners to leverage the equity in their homes for cash. While they offer flexibility and access to funds when needed, there are inherent risks involved in tapping into your home's equity.

When is it most advantageous to take out a home equity line of credit?

By understanding the intricacies of HELOCs and strategically timing your decision, you can harness the power of your home equity to build wealth and achieve financial stability.

How long does it take to get approved for a HELOC?

In this article, we'll explore the key aspects of the HELOC approval process, including how quickly you can get approved, the likelihood of approval, potential difficulties, and the closing timeline.

Can I use a HELOC to purchase a second home or investment property?

This article explores how you can use a HELOC for leveraging your home equity, the advantages and considerations involved, and addresses some common questions related to buying additional properties.

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Michael Tennant, a licensed mortgage professional (NMLS License #1404861), operates as a net branch of MortgageRight (NMLS License #2239). The domain name "tennantlending.com" is owned by Michael Tennant and is not associated with a separate mortgage company. This website aims to provide informative content and pre-qualification services to prospective borrowers.