buying a home Articles

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.

06.28.22

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

06.02.22

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

06.01.22

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

05.24.22

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?

04.18.22

Homeownership has been a keystone of the American dream. The ability to decorate your walls, paint a room sky blue, and live with a furry companion without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. What’s more, there’s nothing like the peace of mind that comes from the knowledge that your home is truly yours.

Read more about The Pros and Cons of Buying a House

04.05.22

Shopping for a new home can be an incredibly exciting experience. Along with that excitement, you may also end up feeling overwhelmed or even intimidated, as the realization sets in on what a life-changing decision you are making. You will have many questions: Where should you buy? How many bedrooms do you need? And most importantly — does your home wish list fit your budget?

Read more about Mortgage Pre-Approval: What Is It? Why Do I Need It?

01.16.22

So, you’ve finally found your dream vacation house. Sure, it may need a little work — okay, a lot of work — but you’re confident it will all be worth it in the end. That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet.

Read more about Buying a Vacation Home: 4 Critical Factors & Expert Advice

10.13.21

What does your ideal 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?

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