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 […]
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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 […]
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 […]
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 […]
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 […]
Updating Your Home
Updating Your Home Updating an outdated home can be a rewarding project that adds value and enhances your living space. Here’s a detailed guide on how to update an outdated home Assessment and Planning Evaluate the entire house and identify areas that need improvement. Consider the functionality, aesthetics, and safety aspects. Prioritize renovations based on […]