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.

09.27.22

When you’ve decided you want to move or buy a home, you might be wondering how important timing is. For some things in life, timing is everything. But for buying a house, timing is only part of the equation. Still, timing does play an important role in your homebuying experience and ultimately how much you might end up paying for your new house, so it’s important to consider when it’s a good time to buy a house.

Read more about 17 Popular Types of Homes In Real Estate

09.20.22

When you’ve decided you want to move or buy a home, you might be wondering how important timing is. For some things in life, timing is everything. But for buying a house, timing is only part of the equation. Still, timing does play an important role in your homebuying experience and ultimately how much you might end up paying for your new house, so it’s important to consider when it’s a good time to buy a house.

Read more about When is the Best Time to Buy a House?

09.06.22

Buying your own home has many benefits: you can gain equity, have access to potential tax savings, and on top of it all, gain a sense of security and freedom that comes from homeownership. Owning a single-family home also comes with responsibilities that you would occasionally need to set time aside for, such as landscaping and home repair projects. However, if you are looking for the benefits of homeownership in a lower-maintenance package, then buying a condo might be the right choice for you.

Read more about Guide to Getting a Condo Mortgage: What You Need to Know

08.10.22

With low down payments, low closing costs, and more flexible credit score requirements, it’s no wonder that nearly one in every five home purchases are made using an FHA Loan.

Read more about FHA Loans – Credit Score Requirements and More

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