Mortgage news, tips and tools – Page 7
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.
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."
Many Americans have been keeping an eye on the 2018 tax bill and thinking about how it affects their finances. However, if you own a home, or are planning to buy in the near future, you have probably paid extra attention to mortgage interest deduction reforms. The 2018 US tax bill does include changes to this popular deduction, as well as a few other updates that may mean big changes for homeowners. Here’s what you need to know.
The good news is that you have found (and been offered) your dream job. The bad news is that it’s located way beyond commuting distance. The decision to relocate for your job is a tough choice that many of us will face during our career. Here are tips on how to evaluate your options, and how to make your potential move as painless as possible.
Under the Fair Credit Reporting Act, you are entitled to one free credit report per year from each of the three national credit bureaus. However, not all credit reports are truly “free,” so it’s important to get your credit report right from the source.
So you have your eye on a new home, but the loan you need is bigger than the conforming loan limit—what are your options?