buying a home
Articles – Page 2

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.

11.02.17

Quality of Life. Quiet cul-de-sacs. A sense of belonging. After fleeing for destinations near and far, some people choose to return to the suburbs, cities and regions where they once played duck-duck-goose and rode bikes. Around 37% of Americans have never left their hometown according to the Pew Research Center; but others just return later in life.

Read more about Home for the Holidays: Why Some Return to Their Hometowns

10.10.17

A former crime scene frightens off 59% of buyers, according to real-estate website Trulia. A death in the home would spook 32% of buyers and 13% are sketched out by a 666 in the address.

Read more about Haunted Houses: Steal or No Deal?

09.19.17

A Chicago couple found a 1940s bungalow that seemed like a solid home. Then they called in Frank Lesh, an inspector, who pointed out that while the house bones were fine, the plumbing needed updating, and the roof was in bad shape. They passed on the house.

Read more about Money Pit or Smart Investment: Signs to Watch Out For

09.19.17

Do you know your credit score? This three-digit number is as important to the home buying process as your real estate agent and your down payment. Having the highest credit score possible can save you thousands of dollars over the course of your mortgage. If you are ready to invest in improving your number, here’s how.

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

09.07.17

Have you been inspired by one of the numerous investment property television shows? Or, have you seen friends or family find success in real estate? If so, you are probably intrigued by the prospect of investing in rental property, but figuring out how to get started can be a difficult task in and of itself. Here are some tips from real estate experts on how to evaluate whether buying a rental property is right for you.

Read more about Buying Rental Property: Tips from the Experts

08.31.17

When you are buying a home, it can be hard to understand why there are so many people involved, and exactly what each one is doing. Some—like your home inspector—have clear roles, but others—like your title company—may seem to fill a more mysterious role. However, your title company plays a crucial role in the process of closing on your home and protecting you from unforeseen legal issues.

Read more about Title Company Roles in the Homebuying Process

08.31.17

Buying a home after you’ve retired can bring up challenging questions: Should I stay put, or move to a favorite vacation spot? Will living in a condo bring enjoyment or irritation? How will I pay for any of the moving and other related expenses?

Read more about Home Buying for Retirees

08.29.17

Buying a home is a stressful, yet rewarding, process. If you are shopping for property in a competitive market, those stressors can multiply but so can the potential rewards. High-demand housing markets often have their own unwritten rules that can be hard for homebuyers to understand. We spoke with experts who work in these areas and compiled five strategies that can help you succeed in highly competitive real estate markets.

Read more about 5 Tips for Buying in Hot Real Estate Markets

07.20.17

Whether you are buying your first home or gearing up for a second purchase, you’ll be responsible for paying a variety of closing costs and other fees related to obtaining a mortgage. Generally, closing costs are paid when you sign on the dotted line for your mortgage, often at a final meeting called the “closing,” but it’s important not to overlook other costs associated with your loan.

Read more about How Much Do You Really Need to Buy a House?