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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.

08.28.19

Your credit score is a simple number that tells a complicated story. A huge part of your financial history — from long-term debt to a few scattered missed payments here and there — can be summarized by this number. This little figure can have a big impact on your life, as it is one of the major factors that your lender uses to determine what loan terms you can qualify for.

Read more about How to Improve Your Credit Score During the Home Buying Process

09.10.18

Shopping for a new home is an incredibly exciting experience. But it also can be frustrating, confusing, and even a bit scary. Sometimes it seems there are more questions than answers. Where should you buy? How many bedrooms do you need? And most importantly—how much house fits your budget?

Read more about Mortgage Pre-Approval: What Is It? Why Do I Need It?

02.25.18

When applying for a home loan, prospective homebuyers find themselves tracking down a mountain of paperwork for the lender. Income statements, tax returns, credit reports, and so on—with so much to collect, the application process is intimidating. Fortunately, you don’t have to go it alone.

Read more about Home Loan Applications: What Documents Do I Need?

02.01.18

Buying a home is not a one-step process. Most of us start by learning about the world of real estate and assessing our financial options. Next, it's time to explore the first formal step in the home loan process: the loan application.

Read more about Explaining the Home Loan Process Part 2: The Application

07.19.17

You have made the decision to buy a new home and the house you love is on the market. You’ve submitted your loan application, but what’s next? What are the remaining steps until you have assurance that the new home will be yours?

Read more about Understanding the Mortgage Process: How Long Will It Take?

06.06.17

Do you know your credit score? When it comes to consumer credit, many people turn a blind eye. But taking a “what I don’t know, can’t hurt me” approach to personal finance may present serious issues, particularly for first-time homebuyers.

Read more about NerdWallet Q&A: How Your Credit Score Affects a Mortgage