Mortgage Insurance Mortgage Loans

Mortgage Insurance PMI & MIP Explained

Mortgage Insurance PMI & MIP Explained Mortgage insurance is a financial product designed to protect lenders in case borrowers default on their mortgage payments. It is typically required when the borrower’s down payment is less than 20% of the home’s purchase price. There are two primary types of mortgage insurance: Private Mortgage Insurance (PMI) for […]

Buyers Mortgage Loans Purchase

13 Steps to a Stress Free Move

Moving can be a stressful process, but there are several strategies you can implement to reduce the associated stress. Here are some tips to help alleviate the stress of moving: Step 1: Contact Treasury Funds Home Loans, Inc. for your mortgage loan needs From pre-qualification to the close of your loan, we’re here to make […]

Credit Report Mortgage Loans

Everything You Should Know About Your Credit Score

Everything You Should Know About Your Credit Score Your credit score is a numerical representation of your creditworthiness, which is essentially an estimate of how likely you are to repay borrowed money. Credit scores are used by lenders, such as banks and credit card companies, to assess the risk of lending money or extending credit […]

Interest Rates Mortgage Loans

What Causes Interest Rate Fluctuations?

What Causes Interest Rate Fluctuations? Interest rate fluctuations in the California mortgage loan market, like any other market, are influenced by a variety of factors. Here are some key elements that can contribute to changes in mortgage interest rates: Economic Conditions: The overall economic conditions both in California and the broader national context play a […]

Mortgage Loans Property Tax

California’s Property Tax Assessments

California’s Property Tax Assessments Explained In California, property tax assessments are determined based on the market value of real property. The process involves several key components Assessment Value: The assessed value of a property is initially set at its fair market value at the time of acquisition, typically the purchase price. Proposition 13, a California […]

Mortgage Loans

The Foreclosure Process

Foreclosure is a legal process through which a lender reclaims a property from a borrower who has defaulted on their mortgage payments. This process is initiated when the borrower fails to meet the terms of the mortgage agreement, leading to the lender taking ownership of the property. The foreclosure process involves several steps, and the […]

Buyers Closing Costs Mortgage Loans Refinance

Closing Disclosure Explained

Closing Disclosure Explained The Closing Disclosure is a comprehensive five-page document that furnishes conclusive details regarding the mortgage loan you’ve chosen. It outlines the loan terms, provides a projection of your monthly payments, and delineates the fees and additional costs associated with obtaining your mortgage, commonly referred to as closing costs. Mandatory by regulation, the […]

Mortgage Loans

Home Affordable Mortgage

Home Affordable Mortgage – HomeReady & Home Possible The Fannie Mae HomeReady Mortgage Loan and the Freddie Mac Home Possible Mortgage Loan are both programs aimed at helping low to moderate-income borrowers with limited downpayment resources. While they have similarities, there are some differences between the two. It’s important to note that specific details may […]

Buyers Mortgage Loans

Understanding the Mortgage Application Process

Understanding the Mortgage Application Process The mortgage application process involves several steps from the initial application to the closing of the loan. Here’s an overview of each stage: Preparation and Research Selecting a Lender Property Search and Offer Formal Mortgage Application Loan Processing Underwriting Loan Approval and Closing Disclosure Pre-Closing Preparations Closing Post-Closing When you […]

Buyers Mortgage Loans Refinance

Explore Flexible Mortgage Terms: Choose Any Duration Between 8 and 30 Years

Explore Flexible Mortgage Terms: Choose Any Duration Between 8 and 30 Years Having the flexibility to choose a mortgage loan term ranging from 8 to 30 years offers numerous benefits for borrowers. Customized repayment period means borrowers can tailor the loan term to their financial situation and goals. Shorter terms, like 8 to 20 years, […]