Mortgage news, tips and tools – Page 9
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.
PennyMac issues the Year End Statement (also known as a Form 1098 or annual tax statement) annually to mortgagors for income tax reporting purposes. This statement includes the total amounts for interest paid and property taxes paid from your escrow account (if you have one) for the entire year.
Purchasing a new home is a huge undertaking. Whether you’re a first-time homebuyer or you’ve navigated the waters before, the process can be overwhelming. But you don’t have to go it alone. A real estate agent—specifically a buyer’s agent—will help with every step of the of the homebuying process.
The holiday season is a time of joy for many—but with extra people and extra responsibilities around the home, it’s easy to overlook certain safety measures. With the holiday season behind us, start thinking about how you can “holiday-proof” your home for the next get-together, including everything from proper food preparation to safe package deliveries!
Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity.
Buying a home is an exciting milestone in anyone’s life. So exciting, in fact, that many people rush through the process, intent on moving into their dream home as soon as possible. They often forget that they’re not just buying a home—they’re buying all the home’s problems too.
There are plenty of online tools to help you determine what your home is worth, but not all tools are created equal. Choosing the right Automated Valuation Model (AVM)—and using it in tandem with a true appraisal—is the best way to educate yourself about the value of your home.
Purchasing, updating, and decorating your home was a big investment. It is your family’s refuge and holds both treasured memories and valued possessions: in short, all things that you want to protect. We talked with several security experts to discover and share their top tips for home protection.
HomeReady® is a new mortgage program that brings flexibility and expanded eligibility to a wide range of borrowers. But how do you know if it’s right for you?