Lease-to-own properties, also known as rent-to-own or lease-option properties, offer tenants the opportunity to eventually purchase the property they are currently renting. Here’s how it generally works for the tenant-potential buyer: Lease Agreement The lease agreement is a legally binding contract between the tenant and the landlord that outlines the terms and conditions of renting […]
Treasury Funds Home Loans, Inc. News & Info
High Interest Credit Card Debt & The HELOC
Several factors could contribute to credit card interest rates reaching all-time highs Historically, credit card interest rates have fluctuated based on various economic factors, including the Federal Reserve’s monetary policy, inflation rates, and lenders’ risk assessments. When interest rates are low, credit card issuers often offer lower rates to attract customers. Conversely, when interest rates […]
Key Factors Contributing to a Successful Home Sale
Key Factors Contributing to a Successful Home Sale Several factors can contribute to why some properties sell faster than others. Here are some key reasons: Location: Properties located in desirable neighborhoods with good schools, convenient access to amenities, low crime rates, and proximity to employment centers tend to sell faster. Location is one of the […]
The California Conventional & Jumbo Loans
The California Conventional & Jumbo Loans and Their Differences In California, as in many other regions in the United States, there are two main categories of loan limits: Conventional Loan Limits and High-Balance loan limits. These limits are set by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac, and they determine the maximum […]
Figuring Your Debt-to-Income Ratio
Figuring Your Debt-to-Income Ratio Calculating your debt-to-income ratio (DTI) is a crucial step in the mortgage loan application process. Lenders use this ratio to assess your ability to manage monthly mortgage payments in relation to your existing debts. The DTI is expressed as a percentage and is calculated by dividing your total monthly debt payments […]
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 […]
How Does an Appraisal Impact My Mortgage?
How Does an Appraisal Impact My Mortgage? A home appraisal is an essential step in the mortgage application process that involves determining the fair market value of a property. It is conducted by a licensed and certified appraiser who assesses various aspects of the home to provide an unbiased and professional opinion on its value. […]
Considering a Move to SoCal?
Living in Southern California comes with several advantages, making it a desirable place for many individuals and families. Here are some key advantages to living in Southern California: Mild Weather: Southern California is known for its mild and pleasant climate, characterized by warm summers and mild winters. The abundance of sunny days is a significant […]
15 Tips and Tricks to Going Green
15 Tips and Tricks to Going Green Creating a green and sustainable home involves adopting practices and making choices that are environmentally friendly. Here are some tips on ways to make your home more green: Energy Efficiency Install Energy-Efficient Appliances: Choose appliances with high Energy Star ratings to reduce energy consumption.Use LED Bulbs: Switch to […]
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 […]