mortgage basics Articles

Learn how to buy a new home before selling your current house, plus tips to manage mortgages, timing, and financing.

October 24, 2025

Discover the differences between pre-qualification and pre-approval in the home-buying process. Learn why both steps matter. Talk to a Pennymac expert today!

October 23, 2025

Find out how to boost your credit score before buying a home—and explore loan options even if you have little or no credit history.

September 25, 2025

Unsure if an adjustable rate mortgage is right for you? Get the inside scoop on the ARM and learn whether the risks of this loan type are worth the reward.

September 25, 2025

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

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

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

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

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