Mortgage news, tips and tools – Page 13
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.
When most mortgage borrowers sit down to crunch the numbers, they often focus on how much money is needed for a down payment, the home purchase price, and the estimated costs of their monthly principal and interest payment. Yet, many people overlook the costs of their escrow impound account.
Ready to buy a home? Can't stop daydreaming about that charming townhouse? Not so fast. There's a lot more that goes into buying your first home than scrolling sales listings and wishful thinking. Get the down-low from our housing market experts.
Whether you are buying your first home or gearing up for a second purchase, you’ll be responsible for paying a variety of closing costs and other fees related to obtaining a mortgage. Generally, closing costs are paid when you sign on the dotted line for your mortgage, often at a final meeting called the “closing,” but it’s important not to overlook other costs associated with your loan.
“The secret is to conceal, reveal and simplify,” says Eric King, a professional landscape architect based in Atlanta, Georgia who has appeared on HGTV, and is now an instructor for Emory University’s Landscape Design certification program. King refers to improving curb appeal, but this approach can be applied throughout your yard, creating a more attractive landscape that reduces maintenance -- and mistakes. Here are 9 tips on how to bring out the best in your greenery, using a landscaping approach.
If you're one of the 15 million Americans who are self-employed, you don't have to give up the benefits of being your own boss in order to become a homeowner.
Do you know your credit score? When it comes to consumer credit, many people turn a blind eye. But taking a “what I don’t know, can’t hurt me” approach to personal finance may present serious issues, particularly for first-time homebuyers.
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.
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?
Home appraisals are a vital component of mortgage lending. See how the appraisal process works and learn how it protects you as a homebuyer.