HELOC vs. Cash-Out Refinance: Making the Right Choice for Your Financial Needs Taking out a home equity line of credit (HELOC) and a cash-out refinance are two ways to tap into your home’s equity, but they differ significantly in structure, costs, and usage. Here’s a detailed comparison of the two: Structure Home Equity Line of […]
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Refinancing a Home in California
When do you know it’s time to refinance? Here are several reasons one might decide it’s time: Lower Interest Rates: Benefit: Reducing the interest rate on a mortgage can lower monthly payments and save thousands of dollars over the life of the loan.Example: If a homeowner originally took out a mortgage with a 7% interest […]
Home Improvement VS Capital Improvement
The distinction between regular home improvement and capital improvements is important for homeowners to understand, especially for financial planning, tax purposes, and property valueassessment. Here’s an explanation of each term and their differences: Regular Home Improvement Regular home improvements are repairs or upgrades that maintain or enhance the current condition and functionality of a home. […]
Steps to Buying Your First Home
How to Prepare as a First-Time Homebuyer Buying a home for the first time is a significant milestone and requires careful planning and preparation. Treasury Funds Home Loans, Inc. is here to help homebuyers every step of the way. Here are key steps a first-time homebuyer should take to ensure a smooth and successful home […]
Understanding VA Non Allowable Loan Fees
When you’re in the process of purchasing a home, closing costs can quickly accumulate. However, if you’re utilizing a VA loan for your home purchase, specific rules dictate which fees lenders can charge you. Fortunately, VA loans come with a list of non-allowable fees, helping you manage your closing costs effectively. Here’s a breakdown of […]
California Wages and Home Prices
Over the past two decades, wages and home prices in California have experienced notable shifts, leading to significant changes in affordability and housing market dynamics. Wage Growth Over the last two decades, California has seen some wage growth, but it hasn’t kept pace with the rapidly rising cost of living. While certain sectors, such as […]
Capital Gains Rules for Home Sellers
When selling and buying a new primary residence in California, homeowners need to consider the capital gains rules at both the federal and state levels. Here’s an overview of how capital gains taxes work in California when selling and buying a new primary residence: Federal Capital Gains Rules Capital Gains Exclusion The Internal Revenue Service […]
The 1031 Exchange
A 1031 exchange, also known as a like-kind exchange or a tax-deferred exchange, is a provision in the U.S. Internal Revenue Code (Section 1031) that allows real estate investors to defer capital gains taxes when they sell a property and reinvest the proceeds into another like-kind property. This provision applies to both federal taxes and, […]
Financing Investment Property
Financing an investment property typically involves obtaining a mortgage loan or using alternative financing options specifically tailored for real estate investors. Here are some common methods for financing investment properties: Conventional Mortgage Conventional mortgages are widely available from banks, credit unions, and mortgage lenders.Investors typically need to make a higher down payment, often ranging from […]
Ins & Outs of House Flipping
Flipping houses is a real estate investment strategy where an investor purchases a property with the intention of renovating or improving it and then selling it for a profit. Here’s a breakdown of the ins and outs of flipping houses: Finding the Right Property Successful flipping starts with finding the right property at the right […]