cash out 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.
You may have heard that you should refinance to lower your interest rate or shorten your loan term, but are those the only reasons?
Read more about Should I Refinance My House (And When Is the Best Time to Do It)?
For many people, one of the benefits of homeownership is having the opportunity to use their home equity to access needed cash. While there are many options to get that money into your piggy bank, an attractive option for many is a Cash-Out Refinance.
Read more about Cash-Out Refinancing: When Does it Make Sense?
If you’re headed back to school this fall, or paying for your child’s education, you may be worried about that upcoming tuition bill. Depending on your financial situation there are different options available for each circumstance.
Read more about Refinancing to Fund Higher Ed: Saving on Education
A colorful flower bed, a freshly mowed lawn, a newly painted front door—these attractive aspects of your house and yard exterior, when first viewed from the street, is typically known as “curb appeal.
Read more about Renovation Staycation: Make the Most of a Reno-Retreat
As your home’s value rises, it can be tempting to tap into the equity you’ve built as a source of cash. In 2018, more than 44 million U.S. homeowners had access to the highest amount of home equity in history — around $6 trillion.
Read more about 5 Ways to Financially Benefit from Your Home