Hal Tennant's (haltennant) Blog

Mortgage and Lending - HomeTown Lenders
Buyers who know they need to improve their credit scores before they can be preapproved or prequalify often want to undertake the challenge of "repairing" their credit online. This is one of the most common questions I receive, "Is it a good idea to dispute the credit bureaus online?" I'm not goi...
Several people have asked how we calculate the figures in the new GFE. The instructor in the training class I took explained it this way. This should clear it up pretty easily. Any questions?  
  Take a look at your homeowner’s insurance – specifically the coverage amount listed under the heading “personal property.”  Is it enough to reimburse you in case of a loss?  Oh, and that dollar amount does NOT include luxury items like jewelry, art, high-end electronics, hobby-type collections,...
Do you have a Facebook page? Twitter? LinkedIn? Yelp? Your blog page?   Does anyone in your family (or your office) know your Usernames and Passwords?  Do they know if you want to close the pages down? Or keep them open?   Who knows your passwords to your bank account? E-zine subscriptions? Or an...
  1.      Lower your interest rate to lower your monthly payment – Today’s rates are the lowest in recent history. You can check them daily at http://www.haltennant.com/Home This is what is known as the “National Overnight Average”. It may not be the exact rate you are offered as many factors aff...
Did You Have a Foreclosure in 2009 or 2010? If so, you may qualify for a free Independent Foreclosure Review. Here are the important points you need to know. ·         The foreclosure must have occurred between January 1, 2009 and December 31, 2010. ·         You believe that there were errors or...
Here’s How As compared to conforming loans and jumbo mortgages, FHA-backed loans are great for a lot of reasons. FHA mortgages allow purchases with low downpayments; they allow refinances without appraisal; and FHA mortgage rates are often pretty low. One place where FHA mortgages fall short, tho...
   Credit scores can be frustrating – “My credit was fine the last time I checked it; what happened?” Sometimes a seemingly small mistake can affect your score for up to seven years. The following can cause your credit score to drop 100 points or more.  Missing a Payment  If this happens to you t...
    It’s March and the new guidelines will kick in making this a great time to refinance. You may be eligible if you currently have a Fannie Mae or Freddie Mac loan and meet the following requirements:  ·         Mortgage closed before May 31, 2009  ·         Loan to Value (LTV) is greater than 8...
  One of the most common questions I receive is, "How can I tell if the property I'm interested in is eligible for a USDA - RD loan"?  I could give you a long list of requirements but here's the simplest way to tell.  First, click on the following link:  http://eligibility.sc.egov.usda.gov/eligib...

Hal Tennant

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