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.
02.20.19
Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Just like any other loan, there are some important things you should know about second mortgages before you begin the application process.
Read more about Second Mortgages: What Are They, and How Do They Work?
02.14.19
Enterprise Paid Mortgage Insurance (EPMI) is a type of mortgage insurance option for borrowers with an LTV ratio greater than 80%. EPMI is another option for borrowers to obtain mortgage insurance, where the mortgage insurance is obtained from an approved insurance provider.
Read more about What Is Enterprise Paid Mortgage Insurance (EPMI)?
02.12.19
As your home’s value rises, it can be tempting to tap into the equity you’ve built as a source of cash. In 2018, more than 44 million U.S. homeowners had access to the highest amount of home equity in history — around $6 trillion.
Read more about 5 Ways to Financially Benefit from Your Home
01.15.19
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.
12.20.18
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.
Read more about All About Easements: How They Affect Your Property
12.05.18
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.
11.30.18
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.
11.19.18
When you’re buying a house, you have more to consider than just which property to purchase. You need to learn about the mortgage process, including if and when you should apply for a rate lock.
11.15.18
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?