Mortgage news, tips and tools – Page 4
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.
Adjusting your home thermostat while away on vacation or checking on your kids via your in-home nanny camera are conveniences of the modern technology age. But, are you the only one getting into your home?
Although you planned and saved for years, life threw you a curve and now you’re at risk of missing mortgage payments—and perhaps even falling into foreclosure. If you find yourself in some financial distress, you may be able to find relief in the form of a home loan modification.
For people faced with the potential of foreclosure, it’s natural to feel anxious and confused. How long does the foreclosure process take? Will you be able to remain in your home in the interim? What rights do you have, and how can you exercise them?
Debt-to-income (DTI) ratio isn’t as talked about as often as your credit score, but it’s just as important when seeking a home loan. So what goes into DTI? It’s the amount of recurring monthly debt you have compared to your monthly gross income.
Front-yard fountains and backyard pools can help a home feel summer-ready, but they aren’t the only H2O delights available. Water features such as ponds and waterfalls added to landscapes or even fountains are a growing trend we see in the homes we inspect, says Kathleen Kuhn, president of , a national home inspection company.
When it comes to remodeling plans, most homeowners immediately think of upgrades to be made inside of the house. Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements.
Financial difficulties may affect everyone at some point. A past-due notice from a utility company, a late charge on your credit card statement or an accidental overdraft on your bank account can be easily remedied. But when your financial problems are bigger—say, months of missed mortgage payments—the stakes are a lot higher. If you’re having trouble paying your mortgage, here’s what you need to know.
If you’re struggling to pay your mortgage, the threat of foreclosure is never far from your mind. You feel anxious, frustrated, and possibly even embarrassed. Then, just when you’ve given up all hope, someone swoops in offering a miraculous solution to your impossible problem. You’re saved! ...or are you?
"As spring approaches, so do certain contractors – in fact, they may even knock on your door. Scammers posing as legitimate contractors often target cities and communities in areas hit by natural disasters, according to the Federal Trade Commission’s consumer education arm. Shady contractors may dupe homeowners into paying upfront for work they’ll never perform, or low-quality work carried out by unlicensed or unqualified employees. They may also target older individuals or a specific neighborhood."