Revitalizing Your Home: A Guide to Modern Updates Transforming an outdated home can be both exciting and rewarding, adding value while improving your living space. Here’s how to refresh your home with strategic updates. Evaluate and Plan Start by assessing each room, identifying areas that need attention. Focus on functionality, aesthetics, and safety. Prioritize projects […]
Treasury Funds Home Loans, Inc. News & Info
First-Time Homebuyer Guide: Steps to a Smooth Purchase
First-Time Homebuyer Guide Buying your first home is an exciting milestone, but it requires careful planning. Treasury Funds Home Loans, Inc. is here to guide you through every step. Follow these key steps to ensure a smooth and successful home purchase. Assess Your Financial Readiness Review Your Credit Score Your credit score impacts your mortgage […]
A Step-by-Step Guide to the Mortgage Application Process
A Step-by-Step Guide to the Mortgage Application Process Securing a mortgage involves multiple stages, from the initial application to closing on your new home. Here’s what to expect throughout the process: 1. Preparation & Pre-Qualification 2. Choosing a Lender & Getting Pre-Approved 3. Finding a Home & Making an Offer 4. Submitting a Mortgage Application […]
A Path to Homeownership
Understanding Lease-to-Own Properties: A Path to Homeownership Lease-to-own properties, also known as rent-to-own or lease-option homes, provide tenants with the opportunity to eventually buy the home they are renting. Here’s a breakdown of how this process typically works: Lease Agreement This legally binding contract outlines the rental terms, including monthly rent, lease duration, security deposit, […]
Maximizing Tax Benefits of a California Mortgage Loan
Maximizing Tax Benefits of a California Mortgage Loan Owning a home comes with a range of financial benefits, and one of the most significant advantages is the potential to improve your tax situation. A mortgage can offer multiple tax deductions that help lower your taxable income, ultimately reducing your overall tax burden. Understanding these benefits […]
6 Key Benefits of Using a Closed-End Second Mortgage for Home Remodeling
A closed-end second mortgage can be a great option for homeowners looking to remodel for several reasons: Fixed Loan Amount A closed-end second mortgage provides a lump sum of money at the start of the loan, which is especially beneficial for remodeling projects with a defined budget. For example, if you have a clear estimate […]
California Proposition 33 November 2024
California Proposition 33 November 2024 Proposition 33, on California’s November 2024 ballot, aims to expand the authority of local governments to impose rent control on residential properties. If passed, it would repeal the Costa-Hawkins Rental Housing Act, which currently limits rent control on certain types of housing, including single-family homes, condos, and buildings constructed after […]
The Federal Reserve’s Messaging Signals Possible Rate Cuts
The Federal Reserve’s Messaging Signals Possible Rate CutsOriginal Article By Arnie Aurellano, Scotsman Guide Inc. For those closely watching the Federal Reserve, Chair Jerome Powell’s recent statements provided a rare glimpse into potential policy changes. Speaking at an economic symposium hosted by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming, Powell remarked, […]
How the Federal Reserve’s Decisions Impact the Housing Market
The Federal Reserve recently lowered interest rates in response to several economic factors. The primary reasons include the following: Economic Slowdown: The Fed observed signs of a slowing economy, including softer job market data and weaker consumer spending. By lowering interest rates, the Fed aims to stimulate economic activity by making borrowing cheaper for consumers […]
HELOC vs. Cash-Out Refinance: Making the Right Choice
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 […]