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.


For many potential homebuyers, purchasing a home seems out of reach. With credit card debt to pay off and student loans to repay, many buyers wonder if they’ll ever save up enough down payment (typically, 3-20% of the purchase price). Fortunately, there are down payment assistance programs and other alternative funding sources for cash-strapped buyers.

Read more about Down Payment Assistance Programs and Other Ways to Make Your Down Payment


The good news is that you have found (and been offered) your dream job. The bad news is that it’s located way beyond commuting distance. The decision to relocate for your job is a tough choice that many of us will face during our career. Here are tips on how to evaluate your options, and how to make your potential move as painless as possible.

Read more about Relocating for Work: Real Estate Tips


Under the Fair Credit Reporting Act, you are entitled to one free credit report per year from each of the three national credit bureaus. However, not all credit reports are truly “free,” so it’s important to get your credit report right from the source.

Read more about How to Get a No-Strings-Attached Free Credit Report


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


When it comes to filing your taxes, owning a home is a huge benefit. There are deductions available for mortgage interest, mortgage points, property taxes and more—but some homeowners fail to take full advantage.

Read more about A Guide to Homeowner Tax Deductions


When applying for a home loan, prospective homebuyers find themselves tracking down a mountain of paperwork for the lender. Income statements, tax returns, credit reports, and so on—with so much to collect, the application process is intimidating. Fortunately, you don’t have to go it alone.

Read more about Home Loan Applications: What Documents Do I Need?


"Nationwide, more than 371,000 homeowners associations (HOAs) benefit community members, according to HOA-USA, an online resource for U.S. townhome, condominium, and single-family homeowner associations."

Read more about A Homeowner’s Guide to HOAs


Researching your family history can reveal family honor (and perhaps a few secrets) but what about your home? Even homes can have mysteries – perhaps you don’t know who built your house or when. Why that strange cupboard is in the kitchen? As a child, did a celebrity practice their “no-paparazzi” wave in the foyer?

Read more about Your Home’s History: Digging into Resources, Finding Treasure


"Nearly 80% of Americans receive a tax refund every year, averaging about $3,000 per filer. We can all find ways to spend some extra cash, but how can you take full advantage of your refund? Depending on your financial situation, paying down your mortgage could be a great option."

Read more about Should I Use My Tax Refund to Pay Down My Mortgage?