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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.

07.06.18

A Home Equity Line of Credit (HELOC) is one of the most common ways to borrow money against the value of your home. It is similar to a credit card in that you can use it to buy things that you need now, and repay it with interest at a later time. Obtaining a HELOC requires (among other factors) that you have reasonable equity in your home.

Read more about What Is a HELOC?

06.13.18

During the homebuying process, you’re sure to encounter the term Loan-to-Value (LTV) ratio. So what exactly is your LTV ratio, and why is it important?

Read more about What Is Loan-to-Value (LTV) Ratio?

01.04.18

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.

Read more about Online Home Value Tools vs Appraisals: What’s the Difference?

11.28.17

Do you have childhood lake house memories or dreams of beachside retirement? Not sure how you can afford to purchase a vacation home of your own? Sharing your second home with others as a vacation rental is a path that can lead to great investment returns and maybe even a few new friends. We talked to vacation property gurus to get their top tips and advice for rental owner rookies.

Read more about Owning Vacation Rental Property: Expert Tips

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

03.30.17

When it comes to purchasing a home, many borrowers focus on price, not perfection. So it’s no surprise that home improvement projects—like fixing an outdated bathroom, or adding a fresh coat of paint—are on the rise. In fact, with more people buying older houses these days, the home improvement and repair industry has grown into a booming $326 billion business.

Read more about Easy DIY Projects to Improve Your Home Value

03.13.17

Do you know the return on investment (ROI) of your renovation project? Not all renovations automatically make your home more valuable. In fact, some projects may provide very little or no return value at all. It’s important to research and plan ahead before you begin so you can make sure you’re spending your money wisely.

Read more about Home Remodeling ROI: Is Your Project Worth the Money?

01.04.17

While many think of summer as "home improvement season," winter can offer easier scheduling, better contractor choices and stronger negotiating power. To discover which home improvement and maintenance choices to focus on in winter, we spoke with Don Vandervort, the founder and resident expert at hometips.com and who has written more than 30 books on home improvement.

Read more about Winter Improvement, Summer Enjoyment: Home Fixes for Right Now

12.08.16

Most new year’s resolutions include staying fit and healthy, losing weight, spending less and saving more. We spoke with Tom Kraeutler, the nationally syndicated radio host of The Money Pit Home Improvement Radio Show to discover New Year’s resolutions you can make for 2017 that will help keep your house in great shape year-round.

Read more about 10 New Year's Renovation Resolutions for 2017