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Personal Finance

Tennant Lending's Personal Finance articles discuss basic topics in personal finance--including mortgages, consumer debt, investing basics, saving, and more. These articles are educational in nature and should not be read as investment advice.

Understanding DSCR Loans

By mastering the intricacies of DSCR loans, savvy investors can leverage this tool to build robust, scalable real estate portfolios that generate steady cash flow and long-term wealth.

Innovative down payment assistance programs for first-time buyers in California

This article delves into the various assistance programs available, answering common questions and providing valuable insights to help you navigate the home buying process.

Refinancing options for underwater mortgages in California

This comprehensive guide will help you understand what an underwater mortgage is, the various refinancing options available, and other critical considerations to manage your financial situation effectively.

What Disqualifies You from Getting a Home Equity Loan?

One of the primary factors in qualifying for a HELOC is having sufficient equity in your home. Let's explore what qualifies or disqualifies you from obtaining a home equity line of credit.

What is a home equity line of credit and how does it work?

This comprehensive guide dives into what HELOCs are, how they work, their advantages, and potential disadvantages. Whether you're considering renovations, consolidating debt, or funding major life events, a HELOC could be a valuable tool in your financial arsenal.

How much money can I borrow with a home equity line of credit?

In this article, we'll explore the factors that influence your borrowing capacity, how to calculate potential loan amounts, and the differences between a HELOC and a home equity loan.

Can I use a HELOC for debt consolidation?

This article explores the nuances of using a HELOC for debt consolidation, drawing insights from various financial experts and institutions.

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.

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.

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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.