Mortgage news, tips and 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.

02.08.17

With some mortgage experts projecting rates to remain near historically low numbers, it’s no surprise that refinancing continues to be a popular home loan option. Before you start comparing lenders, however, it’s important to take a 360-degree view of your options.

Read more about Your Mortgage Refinancing Checklist: Ready to Refi?

02.02.17

Deciding whether to renovate your current home or buy a new house can be emotionally fraught and financially complicated. As well, there may be aspects of the "stay vs. go" equation you may not have contemplated.

Read more about Should I Stay or Should I Go?

01.04.17

While many think of summer as "home improvement season," winter can offer easier scheduling, better contractor choices and stronger negotiating power. To discover which home improvement and maintenance choices to focus on in winter, we spoke with Don Vandervort, the founder and resident expert at hometips.com and who has written more than 30 books on home improvement.

Read more about Winter Improvement, Summer Enjoyment: Home Fixes for Right Now

12.15.16

For many people, one of the benefits of homeownership is having the opportunity to use their home equity to access needed cash. While there are many options to get that money into the piggy bank, an attractive option for many is a cash-out refinance.

Read more about Cash-Out Refinancing: When Does it Make Sense?

12.08.16

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 for 2017 that will help keep your house in great shape year-round.

Read more about 10 New Year's Renovation Resolutions for 2017

01.24.14

Many PennyMac customers and prospects have a target rate they must hit to receive a benefit from refinancing or to qualify for a loan. Now, you can set a target rate in your profile and receive notifications on your iPhone when our rates hit your target. From there, you can click one button to reach a PennyMac loan officer to get started.

Read more about PennyMac for iPhone Gets Rate Alerts, Product Descriptions, and Expanded Product Set

08.08.13

Buying a home can be one of the most rewarding investments you will ever make. However, it can also be one of the most costly. As a result, many lenders suggest prospective buyers determine a home’s monthly mortgage payment before making a commitment. This will help borrowers better gauge if a property will comfortably fit within their current budget.

Read more about Your Future Mortgage Payment: What's Included?

03.12.13

America's mortgage industry is slowly recovering. But, according to real estate site Zillow, 16 million homeowners still owe more than their homes are worth. And, while taxes may not be top of mind for these underwater homeowners, there are some helpful advantages afforded to these borrowers via the Mortgage Forgiveness Debt Relief Act.

Read more about Tax Exemptions for Underwater Homeowners

06.09.12

In 2009, the U.S. government introduced the Home Affordable Refinance Program (HARP) to assist homeowners in refinancing their mortgages–even if they owe more than the home’s current value. HARP isn't the only refinance program available to borrowers. But, it's the only one that allows homeowners with little or no equity to take advantage of refinancing's benefits.

Read more about Home Affordable Refinance Program (HARP) – An Introduction