TENNESSEE
MORTGAGE LOAN REFINANCE
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Demographics
The racial makeup of the state is:
79.2% White
16.4% Black
2.2% Hispanic
0.3% American Indian
1.0% Asian
1.1% mixed race
The 5 largest ancestry groups in Tennessee are American (17.5%), African American (16.4%), Irish (9.3%), English (9.1%), German (8.3%).
Religion
The religious affiliations of the citizens of Tennessee are:
Protestant – 85%
Roman Catholic – 5%
Other Christian – 1%
Other Religions – 1%
Non-Religious – 6%
The three largest Protestant denominations in Tennessee are: Baptist (43% of the total state population), Methodist (11%), Churches of Christ (5%).
For a wider variety of home mortgage and refinance programs including debt consolidation loans, home mortgage refinancing, second mortgage and home equity loans, good and bad credit mortgages, construction loan financing, VA and FHA loans and home purchase mortgages click mortgage refinancing, debt refinancing here.
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| People QuickFacts |
Tennessee |
USA |
Population, 2003 estimate
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5,841,748 |
290,809,777
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Population, percent change, April 1, 2000 to July 1, 2003
|
2.7% |
3.3% |
| Population, 2000 |
5,689,283 |
281,421,906 |
| Population, percent change, 1990 to 2000 |
16.7% |
13.1% |
| Persons under 5 years old, percent, 2000 |
6.6% |
6.8% |
| Persons under 18 years old, percent, 2000 |
24.6% |
25.7% |
| Persons 65 years old and over, percent, 2000 |
12.4% |
12.4% |
| Female persons, percent, 2000 |
51.3% |
50.9% |
| Mortgage, Real Estate Demographics |
Tennessee |
USA |
Housing units, 2002
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2,519,825 |
119,302,132 |
Homeownership rate, 2000
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69.9% |
66.2% |
| Housing units in multi-unit structures, percent, 2000 |
18.7% |
26.4% |
| Median value of owner-occupied housing units, 2000 |
$93,000 |
$119,600 |
| Households, 2000 |
2,232,905 |
105,480,101 |
| Persons per household, 2000 |
2.48 |
2.59 |
| Median household income, 1999 |
$36,360 |
$41,994 |
| Per capita money income, 1999 |
$19,393 |
$21,587 |
| Persons below poverty, percent, 1999 |
13.5% |
12.4% |
Tennessee Loans - Refinance, Home Equity, Debt Consolidation And Purchase
LowerMyBills.com customers can be matched with up to four lenders who will compete for their business helping them find the lowest rate available. Our ever-expanding national network includes over 300 companies. Refinance an existing loan and save hundreds, or even thousands of dollars!
Refinancing replaces your existing loan with another lower interest rate loan for the same amount. If you have equity in your home, a refinance home mortgage loan comparison can have significant benefits. You can reduce your interest rate, change the terms of your loan, or consolidate your debt. Rather than use your home as collateral, a home loan refinance online allows you to incorporate your debt into the amount owed. One monthly payment, one low interest rate! The modern spelling, Tennessee, is attributed to James Glen, the Governor of South Carolina, who used this spelling in his official correspondence during the 1750s. The meaning and origin of the word are uncertain. Some accounts suggest it is a Cherokee modification of an earlier Yuchi or possibly Creek word. It has been said to mean "meeting place", "winding river", or "river of the great bend".
Economy
State income
According to U.S. Bureau of Economic Analysis, in 2003 Tennessee's Gross State Product was $199,786,000,000, 1.8% of the total Gross Domestic Product.
In 2003, the per capita personal income was $28,641, 36th in the nation, and only 91% of the national per capita personal income of $31,472. Total earnings were $167,414,793,000.(BEARFACTS)
State taxes
State sales tax is 7%, while the counties charge an additional 2.25% for a total of 9.25% across Tennessee. Some cities charge additional taxes, leading to some of the highest sales taxes in the United States. The overall state tax rate is relatively low, however, as Tennessee does not tax income.
The capital is Nashville. Memphis has the largest population of any city in the state, but Nashville has a slightly larger metropolitan area. Chattanooga and Knoxville, both in the eastern part of the state near the Great Smoky Mountains, have approximately a third of Memphis or Nashville's population. The three towns of Bristol, Kingsport, and Johnson City make up a fifth significant population center, often called the "Tri-Cities", in the far northeast of the state. As of 2000, the population is 5,689,283.
Tennessee cities' claims to fame are:
Memphis - blues music center, birthplace of rock and roll, assassination of Martin Luther King, home of Elvis Presley, home of Memphis Grizzlies NBA team, home of University of Memphis (formerly Memphis State University), home to worldwide shipping giant FedEx, one of the centers of 60s and 70s soul music (Stax, Hi)
Nashville - World center of country music industry, Southern Baptist Convention headquarters, Home of Vanderbilt University and Tennessee State University among many other small private colleges and universities, home of Tennessee Titans and Nashville Predators professional sports teams
Knoxville - main campus of University of Tennessee, proximity to the Great Smoky Mountains, site of original capital of Tennessee
Chattanooga - railroad center, "See Rock City", major Civil War battleground
Oak Ridge - major scientific/research center, Manhattan Project
Bristol - site of major NASCAR track
Lynchburg - home of Jack Daniels distillery
Smyrna - site of very large Nissan production facility
Spring Hill - like Smyrna, major automotive manufacturing center, only for Saturn automobiles
Carthage - home of recent Vice President and Presidential candidate Al Gore
Lawrenceburg - home of legendary pioneer Davy Crockett
Clarksville - main campus of Austin Peay State University
Fort Campbell - home of the United States Army's 101st Airborne Division (though the base headquarters and address lie in Kentucky, the majority of the base is located in Tennessee)
Cleveland - Church Of God (Cleveland) headquarters
Murfreesboro - home of Middle Tennessee State University; geographic center of Tennessee; home of famous American Civil War Battle of Stones River (also known as the Battle of Murfreesboro); site of second state capital of Tennessee
Lebanon - home to Cracker Barrel restaurant chain and site of first location, home of Nashville Superspeedway
Pigeon Forge - tourist destination, home to Dollywood amusement park
Gatlinburg - tourist destination, gateway to Great Smoky Mountains National Park
Johnson City - home of East Tennessee State University
Jonesborough - Tennessee's Oldest Town
Capital: Nashville
Regions: East Tennessee | Middle Tennessee | West Tennessee | Blue Ridge Mountains | Ridge-and-valley Appalachians | Cumberland Plateau | Highland Rim | Nashville Basin
Major Metros: Chattanooga | Clarksville | Johnson City | Knoxville | Memphis | Murfreesboro | Nashville
Smaller Cities: Athens | Bristol | Brownsville | Cleveland | Columbia | Cookeville | Crossville | Dickson | Dyersburg | Greeneville | Harriman | Jackson | Kingsport | La Follette | Lawrenceburg | Lebanon | McMinnville | Morristown | Newport | Oak Ridge | Paris | Sevierville | Shelbyville | Tullahoma | Union City | Winchester
Counties: Anderson | Bedford | Benton | Bledsoe | Blount | Bradley | Campbell | Cannon | Carroll | Carter | Cheatham | Chester | Clairborne | Clay | Cocke | Coffee | Crockett | Cumberland | Davidson | Decatur | DeKalb | Dickson | Dyer | Fayette | Fentress | Franklin | Gibson | Giles | Grainger | Greene | Grundy | Hamblen | Hamilton | Hancock | Hardeman | Hardin | Hawkins | Haywood | Henderson | Henry | Hickman | Houston | Humphreys | Jackson | Jefferson | Johnson | Knox | Lake | Lauderdale | Lawrence | Lewis | Lincoln | Loudon | Macon | Madison | Marion | Marshall | Maury | McMinn | McNairy | Meigs | Monroe | Montgomery | Moore | Morgan | Obion | Overton | Perry | Pickett | Polk | Putnam | Rhea | Roane | Robertson | Rutherford | Scott | Sequatchie | Sevier | Shelby | Smith | Stewart | Sullivan | Sumner | Tipton | Trousdale | Unicoi | Union | Van Buren | Warren | Washington | Wayne | Weakley | White | Williamson | Wilson

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