Shawn Tihen: First Horizon Mortgage NMLS #419385

04/22/2025

You have three ways to tap equity: a HELOC, a home equity loan, or a cash-out refinance - but how do you know which one is right for you?

If you're planning on staying in your home for an extended period of time, but need some cash for repairs, you could look to a home equity line of credit to help fund your dream renovation.

Check out the latest on tapping into your home equity with this article from NerdWallet:

Follow a simple principle so you don't overdo it with a home equity line of credit.

04/21/2025

Wondering whether now is the right time to refinance a home? Depending on the current interest rate of your mortgage and how long you intend to stay in your home, a mortgage refinance can reduce your monthly mortgage payment, help you pay off your mortgage fast or reap cash-out benefits.

Let’s chat, and I can help you understand how a mortgage refinance can support your financial goals.

04/18/2025

Revisiting and refining financial plans near the start of the year can provide significant benefits throughout the rest of the year.

Here are 10 high-impact strategies you may want to consider and implement to have better financial security.

Significant benefits throughout the rest of the year can be had if you take some time now to revisit your financial plan and adjust accordingly.

04/16/2025

Are you looking to refinance? A 1 percentage point difference in your mortgage rate can translate to about 10% savings on your monthly mortgage payment, and tens of thousands of dollars in savings over the course of your loan.

Here are some steps you can take to position yourself for a better rate!

You'll save thousands on your monthly payments and interest charges by reducing your mortgage rate.

04/15/2025

A mortgage is a long-term consumer loan taken for the purpose of eventually paying off the loan and owning a house and the land it sits on. But how did this particular instrument emerge as the preferred way of achieving what we now commonly call “homeownership"?

Curious to learn more? Check out this article from Forbes that talks about the history of mortgage loans.

At the most basic level, a mortgage is a long-term consumer loan taken for the purpose of eventually paying off the loan and owning a house and the land it sits on.

04/11/2025

On a scale of 1 to 10, how confident are you in your retirement plan? This quick quiz will help you find out if it's on track, or whether it needs more work. Check it out.

On a scale of 1 to 10, how confident are you in your retirement plan? This quick quiz will help you find out if it's on track, or whether it needs more work.

04/09/2025

Since 2020, the average cost of owning a home has ballooned by 26%, far exceeding wage growth for the same period. The average homeowner spends upwards of $20,000 to own and maintain a home each year, and that's on top of regular mortgage payments.

Are you wondering what the other costs are? Read this article.

From property taxes to insurance and repairs, owning a home is expensive.

04/09/2025

5.0 star review received on Experience.com for Shawn Tihen by Matthew J S - Shawn and his team were profesional ans treated us like family.

Click to see all 173 reviews of Shawn Tihen, Mortgage Loan Officer

04/08/2025

This tax season, are you claiming the mortgage tax deduction? In order to take advantage of the mortgage interest tax break, you have to itemize and file Schedule A of Form 1040 to prove that you have tax deductions amounting to over $29,200.

Here's some more information below to learn more.

I hope that itemizing my taxes and taking advantage of this tax break can lower my liability this year.

04/07/2025

A lot of people are starting to tackle the home improvement projects they've been putting of, but if you don't have enough money in the bank to pay for your home improvements outright, you may have no choice but to borrow some. Here are some reasonably affordable options to look at.

04/01/2025

5.0 star review received on Experience.com for Shawn Tihen by Tanya D S - Great communication, explanations and ease of process.

Click to see all 172 reviews of Shawn Tihen, Mortgage Loan Officer

03/03/2025

5.0 star review received on Experience.com for Shawn Tihen by Matthew S M - Great communication. Shawn was always available and happily answered any question I had. He guided me through the entire process from pre approval to closing.

Click to see all 171 reviews of Shawn Tihen, Mortgage Loan Officer

02/27/2025

5.0 star review received on Experience.com for Shawn Tihen by Emily M B - Shawn was so great to work with during this process!

Click to see all 170 reviews of Shawn Tihen, Mortgage Loan Officer

02/10/2025

5.0 star review received on Experience.com for Shawn Tihen by Jeffrey H M - Shawn was great and very informitive.

Click to see all 169 reviews of Shawn Tihen, Mortgage Loan Officer

12/31/2024

If you’re a DIY enthusiast or just want to perform routine maintenance or minor repairs on your home, the right tools are indispensable.

If you’re a DIY enthusiast or just want to perform routine maintenance or minor repairs on your home, a good tool kit is indispensable. Here are 20 essential tools for your kit, each costing under $20.

12/28/2024

Wondering whether you can borrow money from your home equity if you're on Social Security? Here's what to know.

12/27/2024

Fortunately, in the final weeks of 2024, there are still smart ways to use this home equity, some of which are more timely than others.

Here are some of the best and most valuable ways to use your home equity in the final weeks of the year.