buying a home
Articles

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.

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?

09.10.18

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. Here are 12 questions that will help you avoid the bad apples in your search for a great real estate agent.

Read more about 12 Questions to Ask Your Real Estate Agent

08.16.18

What does your dream home look like? Is it a classic Victorian set far back from the road with stately elm trees shading the formal garden, or a brand-new split level in an up-and-coming housing development with a communal pool, tennis courts, and a playground for the kids?

Read more about New Homes vs. Old Homes: Which Is Right For You?

08.01.18

The Millennial generation is often simultaneously blamed for and credited with many of the recent changes in American culture. One common tale is that Millennials don’t want to own their own homes. Like most broad generalizations, this statement is not entirely accurate.

Read more about How Millennials Are Changing the Housing Market

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

07.06.18

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?

03.19.18

For many potential homebuyers, purchasing a home seems out of reach. With credit card debt to pay off and student loans to repay, many buyers wonder if they’ll ever save up enough down payment (typically, 3-20% of the purchase price). Fortunately, there are down payment assistance programs and other alternative funding sources for cash-strapped buyers.

Read more about Down Payment Assistance Programs and Other Ways to Make Your Down Payment

02.27.18

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.

Read more about Relocating for Work: Real Estate Tips