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.

07.30.18

"Even in superheated housing markets, summer is the hottest season — and 2018 has been particularly brutal, fueled by declining inventory and strong demand. But by September, the real estate market cools down, along with outdoor temperatures. Which may mean it’s the perfect time to harvest a home."

Read more about Why Fall Is the Best Time to Buy: A Shopper’s Guide to the Benefits of Autumn House Hunting

07.24.18

At the most basic level mortgages are investments, and anyone who pays the least bit of attention to the stock market understands that some investments invite much more risk than others. There are several types of mortgages that commonly carry more risk than conventional loans; below we’ll examine why they should be avoided.

Read more about Risky Mortgages You Probably Should Avoid

07.06.18

Sunny days are just ahead, and so is chilling out at low-pressure summer picnics and parties. “Summer entertaining feels more casual,” says Annette Joseph, stylist and author of Picture Perfect Parties, as well as the new book, “Cocktail Italiano: the Definitive Guide to Aperitivo: Drinks, Nibbles, and Tales of the Italian Riviera.”

Read more about Outgrowing a Home: Adapting to Your Family Needs

07.06.18

From a high-rise New York loft to a sprawling historic farm in Minnesota, it seems as if there are about as many different types of housing as there are people. Some people are in love with the fast-paced life of the city. Some love the convenience and community of the suburbs, or the quiet peace of the country.

Read more about Urban vs Suburban vs Rural Living: Where to Buy?

07.06.18

A Home Equity Line of Credit (HELOC) is one of the most common ways to borrow money against the value of your home. It is similar to a credit card in that you can use it to buy things that you need now, and repay it with interest at a later time. Obtaining a HELOC requires (among other factors) that you have reasonable equity in your home.

Read more about What Is a HELOC?

06.28.18

Sunny days are just ahead, and so is chilling out at low-pressure summer picnics and parties. “Summer entertaining feels more casual,” says Annette Joseph, stylist and author of Picture Perfect Parties, as well as the new book, “Cocktail Italiano: the Definitive Guide to Aperitivo: Drinks, Nibbles, and Tales of the Italian Riviera.”

Read more about 1-2-3 Summer Entertaining: What to Have on Hand

06.18.18

Buying a property can be stressful enough without having unfamiliar words thrown in too. Even if it’s not your first mortgage, it can still be a confusing process. This glossary demystifies common words used in mortgage transactions.

Read more about Real Estate and Mortgage Glossary

06.15.18

Most people become familiar with term “loan officer,” the professional who helps you figure out which loan option is right for you, when looking for a mortgage. You get the mortgage and keys to your new home, and then wave goodbye to your loan officer...but not so fast! There are other surprising—and important—ways a loan officer can be instrumental to your financial future.

Read more about 10 Unexpected Ways Your Loan Officer Can Help You

06.13.18

During the homebuying process, you’re sure to encounter the term Loan-to-Value (LTV) ratio. So what exactly is your LTV ratio, and why is it important?

Read more about What Is Loan-to-Value (LTV) Ratio?