loan process 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.


Before they can feel confident extending you a loan, lenders first need to understand your financial situation. This means collecting and analyzing some of your personal information. Your credit score, credit history, debt-to-income ratio (DTI), and assets are all relevant, and all play roles in informing the underwriting process. But one factor that borrowers sometimes overlook is the verification of employment.

Read more about Verification of Employment for Mortgage: How Does It Work


Getting a mortgage loan can feel overwhelming – but it doesn’t have to be. Get step-by-step information from Pennymac for a simple process.

Read more about The Mortgage Loan Process – What You Need to Know From Start to Finish


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?


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?


Whether it’s a yard, garage, or pool, here are five often overlooked opportunities to consider while house hunting or updating your home to sell.

Read more about 5 Key Property Features When House Hunting


It’s one of the largest purchases you’ll ever make, and one that most people will only complete a few times in their entire life. It’s normal to feel intimidated and even confused by the home buying process.

Read more about 10 Simple Steps to Purchase a Home in 2020


Your credit score is a simple number that tells a complicated story. A huge part of your financial history — from long-term debt to a few scattered missed payments here and there — can be summarized by this number. This little figure can have a big impact on your life, as it is one of the major factors that your lender uses to determine what loan terms you can qualify for.

Read more about How to Improve Your Credit Score During the Home Buying Process


When you’re buying a house, you have more to consider than just which property to purchase. You need to learn about the mortgage process, including if and when you should apply for a rate lock.

Read more about Should I Lock My Mortgage Rate?


When applying for a home loan, prospective homebuyers find themselves tracking down a mountain of paperwork for the lender. Income statements, tax returns, credit reports, and so on—with so much to collect, the application process is intimidating. Fortunately, you don’t have to go it alone.

Read more about Home Loan Applications: What Documents Do I Need?