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.
Pay off the principal you borrowed more quickly, and you’ll own your home earlier, and pay less in loan interest. You may even save tens of thousands of dollars over the life of the loan. In fact, 32% of homeowners have paid off their home loan.
On the most basic level, an easement allows non-owners to legally access a specific property for a particular reason. As a homeowner, the idea of other people entering your land may be off-putting, but in practice, easements cause few problems and are relatively commonplace.
Most new year’s resolutions include staying fit and healthy, losing weight, spending less and saving more. We spoke with Tom Kraeutler, the nationally syndicated radio host of The Money Pit Home Improvement Radio Show to discover New Year’s resolutions you can make that will help keep your house in great shape year-round.
Real estate, like many other industries, has been fundamentally changed by recent technology, and real estate marketing strategies have been equally impacted. New platforms and products can help you sell homes in new ways, but that does not mean that all traditional real estate marketing ideas are worthless—the key is figuring out what works best for you and your clients.
When you refinance your home, the process is similar to the one you followed when obtaining your original mortgage. Your finances will be verified and calculated, and your home will be appraised to determine its value to your potential lender. As a result of a refinance, it’s common for your monthly payment and even your total loan amount to change—but will your property taxes go up as well?
Buying a home can be one of the most rewarding investments you will ever make. However, it can also be one of the most costly. Estimating your monthly mortgage payment well in advance of purchasing can help you make smart decisions with your budget.
The United States economy has flourished in recent years, and the housing market continues to gain strength. But with confusing factors like rising mortgage rates, a competitive buyer’s market, and home prices that are higher than any previous peak, many people are unsure about what will happen in 2019.
Many of us have heard scary stories about new homeowners dealing with costly and even dangerous home repairs that they did not expect. From leaky septic tanks and radon gas, to moldy walls and things that freeze in the night, here are our home inspection horror stories, and how to avoid them.