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.
06.17.19
If you’re headed back to school this fall, or paying for your child’s education, you may be worried about that upcoming tuition bill. Depending on your financial situation there are different options available for each circumstance.
Read more about Refinancing to Fund Higher Ed: Saving on Education
05.24.19
In a typical home buying scenario, the purchaser works with a lender to obtain financing for their dream home with a conventional mortgage. In certain situations another option may be better, assuming a mortgage. Assumable mortgages can save you a great deal of money during the buying process and beyond.
05.23.19
Whether you want to spend your time on the golf course, traveling the world, or just relaxing with friends and family, most people have one common retirement goal — freedom. One thing that can increase personal feelings of freedom in retirement is a reduction in debt and bills.
05.07.19
A colorful flower bed, a freshly mowed lawn, a newly painted front door—these attractive aspects of your house and yard exterior, when first viewed from the street, is typically known as “curb appeal.
Read more about Renovation Staycation: Make the Most of a Reno-Retreat
04.22.19
A colorful flower bed, a freshly mowed lawn, a newly painted front door—these attractive aspects of your house and yard exterior, when first viewed from the street, is typically known as “curb appeal.
Read more about Seeing Green: How to Increase Your Curb Appeal
04.17.19
Starting in 2015 through 2017, suburban populations have been growing faster than the cities they surround, according to a report from the Brookings Institution, reversing the previous trend. Nationwide, as the economy and the housing market improves, more people – millennials in particular – are moving out of cities and into suburban neighborhoods.
Read more about The Burbs are Back: Homebuyers are Looking to the Suburbs
04.17.19
Homeownership has been a keystone of the American dream. The ability to decorate your walls, paint a room sky blue, and live with a furry companion without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. What’s more, there’s nothing like the peace of mind that comes from the knowledge that your home is truly yours.
Read more about Rent vs. Buy: The Pros and Cons of Homeownership
04.11.19
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?
04.09.19
When it comes to filing your taxes, owning a home has historically been a huge benefit. However, the recent tax law changes have left many homeowners wondering what is still available for mortgage interest, mortgage points, property taxes, and other deductions. So, how do you make the most of your deductions?