Mortgage news, tips & tools

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.

07.21.21

When it comes to remodeling plans, most homeowners immediately think of upgrades to be made inside of the house. Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements.

Read more about Outdoor Renovations: Think Outside the Box

07.20.21

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 actors in your search for a great real estate agent.

Read more about 12 Questions to Ask Your Real Estate Agent

06.15.21

Deciding whether to renovate your current home or buy a new house can be emotionally fraught and financially complicated. As well, there may be aspects of the "stay vs. go" equation you may not have contemplated.

Read more about Should I Stay or Should I Go?

06.14.21

Purchasing a new home is a huge undertaking. Whether you’re a first-time homebuyer or you’ve navigated the waters before, the process can be overwhelming. But you don’t have to go it alone. A real estate agent—specifically a buyer’s agent—will help with every step of the of the homebuying process.

Read more about The Real Estate Buyer’s Agent: Do I Need One?

02.12.21

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans make it easier to obtain financing, requiring only minimal down payments and fair-to-good credit scores.

Read more about Should You Refinance Your FHA to a Conventional Loan?

01.20.21

Mortgage rates are near record lows. Learn how to capitalize on these low rates to save money on your mortgage — or afford more house than you ever dreamed possible.

Read more about With Rates at Record Lows, Affordability Grows for House Hunters

12.29.20

When you refinance your home, the process is similar to the one you followed when obtaining your original mortgage. Your finances will be verified and calculated, and your home will be appraised to determine its value to your potential lender. However, PennyMac also has many streamline products that don’t require income or asset verification. There are also products that do not require an appraisal. As a result of a refinance, it’s common for your monthly payment and even your total loan amount to change — but will your property taxes go up?

Read more about How Refinancing Affects Real Estate Taxes

12.23.20

UPDATE — Federal Reserve announced that its benchmark interest rate would continue to stay at the historically low range of 0.00% to 0.25%*

Read more about Your Guide To The Federal Reserve & Mortgages