Repairing your credit history can be a gradual process, but it’s entirely achievable with patience and diligence. Here are steps you can take: By following these steps consistently and responsibly managing your finances, you can gradually improve your credit history and increase your creditworthiness over time. You and Your Credit Everything You Should Know About […]
Treasury Funds Home Loans, Inc. News & Info
Boosting Your Property’s Value
There are several home improvements that can potentially raise the value of your home. However, the impact of each improvement can vary depending on factors such as the local real estate market, the condition of your home, and the preferences of potential buyers. Here are some common home improvements known to increase home value: Before […]
Benefits of Homeownership
There are many benefits to owning your own home. Here are just a few: Equity Building When you own a home and make mortgage payments, you’re gradually building equity in the property. Equity represents the difference between the property’s value and the outstanding mortgage balance. Over time, as you pay down the mortgage and potentially […]
Navigating Appraisal Exemptions
Navigating Appraisal ExemptionsAssessing Property Qualifications with Treasury Funds Home Loans, Inc. Some mortgage loans may not require an appraisal for several reasons: Loan Type Certain types of mortgage loans, such as FHA (Federal Housing Administration) loans or VA (Veterans Affairs) loans, have specific guidelines that may waive the requirement for a traditional appraisal under certain […]
Calculating ROI for an Investment Property
Calculating the return on investment (ROI) for an investment property is essential for determining its profitability and evaluating its potential as an investment. Here’s how to calculate ROI on investment property Determine the Initial Investment: Start by calculating the total amount of money invested in the property. This includes the purchase price of the property, […]
10 Tips for Homebuyers
Key factors for Homebuyers Budgeting Understand your financial situation thoroughly. Determine how much you can afford to spend on a home by considering your income, expenses, savings, and any debts you may have. Use online calculators or consult with Treasury Funds Home Loans, Inc. Credit Score Your credit score plays a crucial role in obtaining […]
Steps Involved in a Rent-to-Own Transaction
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 […]
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 […]