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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.

08.16.18

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

07.24.18

At the most basic level mortgages are investments, and anyone who pays the least bit of attention to the stock market understands that some investments invite much more risk than others. There are several types of mortgages that commonly carry more risk than conventional loans; below we’ll examine why they should be avoided.

Read more about Risky Mortgages You Probably Should Avoid

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?

06.28.18

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 1-2-3 Summer Entertaining: What to Have on Hand

06.18.18

Buying a property can be stressful enough without having unfamiliar words thrown in too. Even if it’s not your first mortgage, it can still be a confusing process. This glossary demystifies common words used in mortgage transactions.

Read more about Real Estate and Mortgage Glossary

06.15.18

Most people become familiar with term “loan officer,” the professional who helps you figure out which loan option is right for you, when looking for a mortgage. You get the mortgage and keys to your new home, and then wave goodbye to your loan officer...but not so fast! There are other surprising—and important—ways a loan officer can be instrumental to your financial future.

Read more about 10 Unexpected Ways Your Loan Officer Can Help You

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?