Mortgage news, tips and tools – Page 10

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.

05.30.17

Summer’s the time to kick back during vacation, enjoy time outdoors at summer cookouts and … pay big bills accrued through carelessness? No, that’s not you. Yet many of us overlook simple solutions to summer expenses. Here are seven ways you could rack up unexpected costs.

Read more about Summer Spending: 7 Ways to Prevent Money Mistakes

05.16.17

If you’ve been shopping around for mortgage lenders, you’ve probably heard a lot about mortgage points. But what are they and how do they affect your monthly mortgage payment?

Read more about Mortgage Origination & Discount Points: Understanding the Basics

04.27.17

Home appraisals are a vital component of mortgage lending. See how the appraisal process works and learn how it protects you as a homebuyer.

Read more about Understanding The Home Appraisal Process

04.27.17

Home stagers are typically hired when a house is prepared for sale, to create a warm, attractive house that buyers yearn to call home. However, stagers are also excellent at providing advice on “staging to dwell,” or everyday living in our homes.

Read more about Staging Secrets: Improve Your Home’s Layout with Advice from a Home Stager

04.13.17

A vacation home isn’t just a summertime house – it’s a memory-maker. That’s according to Toby Babich, a board member of the Vacation Rental Management Association with years of experience in the second-home and vacation rental market.

Read more about Home for the Holidays (& Summer Too): How to Buy a Vacation Home

03.30.17

When it comes to purchasing a home, many borrowers focus on price, not perfection. So it’s no surprise that home improvement projects—like fixing an outdated bathroom, or adding a fresh coat of paint—are on the rise. In fact, with more people buying older houses these days, the home improvement and repair industry has grown into a booming $326 billion business.

Read more about Easy DIY Projects to Improve Your Home Value

03.21.17

So, you’ve finally found your dream house. Sure, it may need a little work—okay, a lot of work—but you’re confident it will all be worth it in the end. That is until your home renovation project starts to go down the toilet (or worse, the toilet starts falling through the floor).

Read more about Tricks for Separating Fixer Uppers from the Money Pits

03.21.17

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?

03.13.17

Do you know the return on investment (ROI) of your renovation project? Not all renovations automatically make your home more valuable. In fact, some projects may provide very little or no return value at all. It’s important to research and plan ahead before you begin so you can make sure you’re spending your money wisely.

Read more about Home Remodeling ROI: Is Your Project Worth the Money?