Mortgage news, tips & tools – 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.


Understand how mortgage rates work and get answers to your frequently asked questions.

Read more about Mortgage Rates Explained


An FHA loan can be easier to qualify for, but conventional loans often offer lower mortgage rates. So which is right for you?

Read more about Conventional Loan vs. FHA Loan: What’s the Difference?


Closing costs are expenses outside of the property price that can apply to buyers and sellers. Find out what you need to know here.

Read more about What’s Included in Closing Costs?


A home equity line of credit, or HELOC, is a line of credit secured by your home. Learn about them and other home equity loans here.

Read more about Home Equity Line of Credit (HELOC), Home Equity Loans, and Cash-Out Refinancing


Learn what you need to know when buying a second home from start to finish, from the experts at Pennymac.

Read more about Buying a Second Home – What You Need to Know


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. Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Here are some tips from real estate experts on how to buy a rental property that’s right for you.

Read more about How to Buy a Rental Property: Get Tips from the Experts


Adding a co-borrower to your loan means that they are equally responsible for the mortgage and have equal ownership.

Read more about What is a Co-Borrower?


Sick of renting and wondering how to save for a down payment? These tips will help you save enough to finally buy.

Read more about How to Save for a Down Payment


A conditional approval is different than both pre-approval and full approval. It relies on specific conditions being met at closing. Learn more.

Read more about What is a Conditional Loan Approval?