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.
What does your ideal home look like? Is it a classic Victorian set far back from the road with stately elm trees shading the formal garden, or a brand-new split level in an up-and-coming housing development with a communal pool, tennis courts, and a playground for the kids?
With rates so low and the removal of the Adverse Market Refinance Fee by the FHFA, it’s an ideal time to refinance. Learn more.
Filing your taxes can be complicated — especially when you own a home. But there are also a lot of potential write-offs that are often overlooked, as well as tax benefits to home-owning that you’ll want to make sure you’re aware of come tax time.
Smart devices can secure your home and make life easier. For example, there’s no need to juggle groceries and keys, with a Bluetooth-enabled or voice-activated front door lock.
You saved for ages (or at least what seemed like it) before buying your home, and you invested even more time and money during your years of ownership. But what if something happens to your home and everything you worked so hard for? Could you afford to rebuild and replace it all? For most people, the answer, tragically, is “no.”
Furnishing a home can be expensive. Maybe a new fridge is on the shopping list, or you’d like to change out rugs in the living room and replace your old furnace with a more efficient and recent edition.
In a typical home buying scenario, the purchaser works with a lender to obtain financing for their dream home with a conventional mortgage. In certain situations another option may be better, assuming a mortgage. Assumable mortgages can save you a great deal of money during the buying process and beyond.
Whether you want to spend your time on the golf course, traveling the world, or just relaxing with friends and family, most people have one common retirement goal — freedom. One thing that can increase personal feelings of freedom in retirement is a reduction in debt and bills.
Starting in 2015 through 2017, suburban populations have been growing faster than the cities they surround, according to a report from the Brookings Institution, reversing the previous trend. Nationwide, as the economy and the housing market improves, more people – millennials in particular – are moving out of cities and into suburban neighborhoods.