Mortgage news, tips and tools – Page 2
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.
It’s a common perception that in order to enjoy the convenience of urban living, you must resign to living in a bland, boring and inconveniently small space. Thankfully, this is no longer true. Trends are changing and designers are innovating to make it possible for you to enjoy the amenities of your favorite city while simultaneously maintaining a spacious, well-designed home. Here are the top lifestyle-enhancing urban chic design trends, as chosen by expert architects, developers and builders.
Smart devices can secure your home and make life easier. For example, there’s no need to juggle groceries and keys, with a Bluetooth-enabled or voice-activated front door lock.
You saved for ages (or at least what seemed like it) before buying your home, and you invested even more time and money during your years of ownership. But what if something happens to your home and everything you worked so hard for? Could you afford to rebuild and replace it all? For most people, the answer, tragically, is “no.”
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 your piggy bank, an attractive option for many is a Cash-Out Refinance.
Furnishing a home can be expensive. Maybe a new fridge is on the shopping list, or you’d like to change out rugs in the living room and replace your old furnace with a more efficient and recent edition.
Whether you are upgrading, downsizing, moving for a new job, or relocating for retirement, changing your living situation is seldom simple. Even if this big switch is something that you are looking forward to, the actual process of moving can be intimidating. However, with the right planning and preparation, your move can, in fact, be one of the easier parts of this big life transition.
Low unemployment, low interest rates, and rising home values are all typically good things, but they can make buying a home challenging. When everyone is trying to buy, you may end up with competition for your dream home that could turn into a bidding war. Thankfully, there are multiple ways that you can beat the competition to close on the house that you want.
Whether you are selling your home to begin a new adventure, or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.