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.
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.
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.