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.

01.13.20

When you first start thinking about buying a vacation home, it’s easy to get excited by visions of poolside lounging, hosting fantastic parties, or even just relaxing alone. Owning a vacation home does, however, come with several considerations and commitments. Some of these critical factors are obvious, while others are issues that you might not be aware of. Here are four considerations that all second home buyers should keep in mind as they search, via trusted real estate experts who know the industry.

Read more about Buying a Vacation Home: 4 Critical Factors to Consider

01.13.20

Do those mid-80s beige cabinets with wood trim need to go? Perhaps your countertops are stained and burned from the previous owner. Or possibly, toes are stepped on when the whole family tries to cook together. Sounds like it’s time for a kitchen remodel. But is an affordable kitchen remodel really possible?

Read more about How To Remodel Your Kitchen for Less than $25K

01.12.20

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans make it easier to obtain financing, requiring only minimal down payments and fair-to-good credit scores.

Read more about Should You Refinance Your FHA to a Conventional Loan?

01.09.20

With low down payments, low closing costs, and more flexible credit score requirements, it’s no wonder that nearly one in every five home purchases are made using an FHA Loan.

Read more about FHA Loan Requirements

01.08.20

We asked expert home organizers, professional movers, and even home designers for their help — read on to see how you can plan for both an easy to maintain home, and an organized move when the time comes.

Read more about Decluttering Your Home: The Ultimate Guide to Tidying Up

01.06.20

Would you rather repair a small crack, or rebuild an entire wall? How about cleaning a filter versus replacing your entire air conditioning unit?

Read more about The Essential Home Maintenance Checklist

12.10.19

So you have your eye on a new home, but the loan you need is bigger than the conforming loan limit—what are your options?

Read more about The Homebuyer’s Guide to Jumbo Loans

12.10.19

When you’re evaluating home loan categories, it’s easy to get confused by the terms “conventional” and “conforming.” As similar as these two terms may sound, their definitions are different so it’s important to understand the distinctions. We’re here to clear the air.

Read more about Conforming vs. Non-conforming Loans: Which Is Best for You?