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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.

Refinancing  | Aug 22, 2024
/
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?
Refinancing  | Jun 10, 2024
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What Are the Advantages and Disadvantages of Cash Out Refinancing?
Refinancing  | Jun 10, 2024
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How to Leverage Cash Out Refinancing for Long-Term Financial Goals
Refinancing  | May 31, 2024
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Refinancing strategies: navigating California's housing market

Read Our Latest Posts

Latest Posts

124 Posts
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.

What happens if I can't repay my home equity line of credit?

For those considering a HELOC or any other mortgage-related products, Tennant Lending offers expert guidance and a range of loan options to fit your needs.

How does a HELOC affect my credit score?

The short answer is yes, a HELOC can affect your credit score. However, the long term impact can be positive, depending on how you manage the account.

Are there tax benefits to using a home equity line of credit?

The interest you pay on a home equity line of credit may be tax-deductible, but there are specific conditions that must be met.

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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.