buying a home Articles  Page 2

 
Do You Need 20% Down to Buy a Home?

Putting 20% down on a home is a “rule” that’s been around forever. But today, buying a home is a lot more flexible. Your down payment amount really depends on the type of loan you choose. And good news: there are several loan options, down payment assistance programs, and funding sources that can help you achieve your homeownership goals.

September 25, 2025

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Do You Need 20% Down to Buy a Home?
Do You Need 20% Down to Buy a Home?

Putting 20% down on a home is a “rule” that’s been around forever. But today, buying a home is a lot more flexible. Your down payment amount really depends on the type of loan you choose. And good news: there are several loan options, down payment assistance programs, and funding sources that can help you achieve your homeownership goals.

September 25, 2025

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Guide to What Happens After the Appraisal
Guide to What Happens After the Appraisal

The home appraisal can influence everything from a loan approval to the final sale price. In this guide, we'll break down what to expect during the appraisal and how to prepare for what's next.

August 29, 2025

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What You Should Know About a Remote Work Letter for a Mortgage
What You Should Know About a Remote Work Letter for a Mortgage

Learn what a remote work letter is and why you may need one as a remote worker to get your mortgage approved.

August 6, 2025

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Should I Buy a House? When Homeownership Is Right For You
Should I Buy a House? When Homeownership Is Right For You

Buying a home is exciting; it’s also a big commitment. This guide covers key financial and lifestyle factors to help you decide if you're ready.

August 1, 2025

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How to Increase Your Chances of Getting Approved for a Home Loan
How to Increase Your Chances of Getting Approved for a Home Loan

Whether you’re buying your first home or refinancing, managing your finances carefully is important for getting approved for a home loan. Read on to get actionable tips that can improve your chances of securing the loan you want.

July 18, 2025

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How to Pay Off Your Mortgage Faster: 7 Tips to Consider
How to Pay Off Your Mortgage Faster: 7 Tips to Consider

Learn how to pay off your mortgage faster with tips on extra payments, refinancing, and more. Explore pros, cons, and smart strategies to save on interest.

June 26, 2025

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Looking to Buy an Older Home? How to Know if It’s a Worthy Fixer-Upper or a Money Pit
Looking to Buy an Older Home? How to Know if It’s a Worthy Fixer-Upper or a Money Pit

Thinking of buying a fixer-upper? Learn what to consider before investing so you can make informed, confident decisions.

June 26, 2025

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The REO Guide: 10 Steps to Buying a Bank-Owned Home
The REO Guide: 10 Steps to Buying a Bank-Owned Home

Interested in a bank-owned home, but don’t know where to start? Follow Pennymac’s step-by-step guide to learn all about REO homes (and get ready to buy).

May 16, 2025

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The Assumable Mortgage: How It Works and Is It Right for You?
The Assumable Mortgage: How It Works and Is It Right for You?

Learn how taking over a seller's loan could save you money with lower rates and reduced costs.

January 9, 2025

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Your Ownership Roadmap: Condo Pros, Cons and Mortgage Options
Your Ownership Roadmap: Condo Pros, Cons and Mortgage Options

Considering homeownership, but feel unsure about whether to buy a house or a condo? We’ve got the pros and cons about condo living and tips for how to secure the financing to make it happen.

January 2, 2025

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