Mortgage news, tips and tools
The PennyMac Mortgage Blog is where you'll find unbiased, useful info to help save you money, time and peace of mind during the mortgage process. If you have a mortgage or are about to get one, we think you'll find info here you can't always get elsewhere.
07.06.18
Sunny days are just ahead, and so is chilling out at low-pressure summer picnics and parties. “Summer entertaining feels more casual,” says Annette Joseph, stylist and author of Picture Perfect Parties, as well as the new book, “Cocktail Italiano: the Definitive Guide to Aperitivo: Drinks, Nibbles, and Tales of the Italian Riviera.”
Read more about Outgrowing a Home: Adapting to Your Family Needs
07.06.18
From a high-rise New York loft to a sprawling historic farm in Minnesota, it seems as if there are about as many different types of housing as there are people. Some people are in love with the fast-paced life of the city. Some love the convenience and community of the suburbs, or the quiet peace of the country.
Read more about Urban vs Suburban vs Rural Living: Where to Buy?
07.06.18
A Home Equity Line of Credit (HELOC) is one of the most common ways to borrow money against the value of your home. It is similar to a credit card in that you can use it to buy things that you need now, and repay it with interest at a later time. Obtaining a HELOC requires (among other factors) that you have reasonable equity in your home.
06.28.18
Sunny days are just ahead, and so is chilling out at low-pressure summer picnics and parties. “Summer entertaining feels more casual,” says Annette Joseph, stylist and author of Picture Perfect Parties, as well as the new book, “Cocktail Italiano: the Definitive Guide to Aperitivo: Drinks, Nibbles, and Tales of the Italian Riviera.”
Read more about 1-2-3 Summer Entertaining: What to Have on Hand
06.18.18
Buying a property can be stressful enough without having unfamiliar words thrown in too. Even if it’s not your first mortgage, it can still be a confusing process. This glossary demystifies common words used in mortgage transactions.
06.15.18
Most people become familiar with term “loan officer,” the professional who helps you figure out which loan option is right for you, when looking for a mortgage. You get the mortgage and keys to your new home, and then wave goodbye to your loan officer...but not so fast! There are other surprising—and important—ways a loan officer can be instrumental to your financial future.
Read more about 10 Unexpected Ways Your Loan Officer Can Help You
06.13.18
During the homebuying process, you’re sure to encounter the term Loan-to-Value (LTV) ratio. So what exactly is your LTV ratio, and why is it important?
06.13.18
During the homebuying process, there are typically two professionals who will assist you through it: a real estate agent and a loan officer. Most people are familiar with real estate agents, but loan officers are less well-known—especially to first-time homebuyers.
Read more about Real Estate Agent vs Loan Officer: What's the Difference?
05.29.18
Adjusting your home thermostat while away on vacation or checking on your kids via your in-home nanny camera are conveniences of the modern technology age. But, are you the only one getting into your home?
Read more about Security of IoT: Do Your Devices Compromise Your Home Privacy?