Mortgage news, tips & tools – Page 12
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.
There are plenty of online tools to help you determine what your home is worth, but not all tools are created equal. Choosing the right Automated Valuation Model (AVM)—and using it in tandem with a true appraisal—is the best way to educate yourself about the value of your home.
HomeReady® is a new mortgage program that brings flexibility and expanded eligibility to a wide range of borrowers. But how do you know if it’s right for you?
When you decide to put your home on the market, you must make a laundry list of choices, not the least of which is when to list. Believe it or not, there is a right time. Knowing that time can get your house sold faster and at a higher asking price
Can owning your own home really be cheaper than renting? Plugging your numbers into a home affordability calculator is a great place to start, but there are other costs that you might not have considered. Here’s how to know how much home you can really afford.
Every day, hundreds of servicemembers exit the military and start a new life as a civilian.
Do you have childhood lake house memories or dreams of beachside retirement? Not sure how you can afford to purchase a vacation home of your own? Sharing your second home with others as a vacation rental is a path that can lead to great investment returns and maybe even a few new friends. We talked to vacation property gurus to get their top tips and advice for rental owner rookies.
Who’s on your holiday gift list this year? Grandma. Husband. Partner. Daughter. House?
A 30-year mortgage has long been the industry norm, and for good reason: It allows the homebuyer to spread the loan out over a long period to keep payments as low as possible. But now that interest rates have dropped to near-record lows, 15-year mortgages are becoming more popular. Is a 15-year mortgage right for you?
If you’re having trouble meeting your monthly loan payments and are now facing foreclosure, a short sale may be an option. Let’s look at the basics of the short sale process, including how to determine whether you qualify, the pros and cons of short sales and the procedures involved in completing a short sale.