taxes Articles

Will my property taxes go up if I refinance? Learn the answer here, plus get details on the three evaluations that can affect your home’s tax rate.

December 29, 2020

Taking advantage of the mortgage interest deduction is a key money-saving tax measure. Here’s what you need to know to make sure you’re benefiting.

February 5, 2020

Learn how to make the most of your tax savings with the standard deduction or itemized deductions, and discover some surprising tax write-offs.

February 5, 2020

Learn about the various factors that make up a mortgage payment, including the components that constitute your PITI, and how to calculate your payment amounts.

October 31, 2018

Looking to pay off your mortgage faster? Your tax refund may be a good place to start. Learn more about the potential benefits of paying down your mortgage with your tax refund (and see if it’s the right move for you).

February 15, 2018

Pennymac issues the Year End Statement (also known as a Form 1098 or annual tax statement) annually to mortgagors for income tax reporting purposes. This statement includes the total amounts for interest paid and property taxes paid from your escrow account (if you have one) for the entire year.

January 30, 2018

With the growing popularity of short term rentals, buying vacation properties is a growing investment market. We asked the pros for tips on getting started.

November 28, 2017

Not sure how impound escrow affects your mortgage? Learn the purpose of impound escrow, and how it’s designed to simplify the loan repayment process.

July 19, 2017

America's mortgage industry is slowly recovering. But, according to real estate site Zillow, 16 million homeowners still owe more than their homes are worth. And, while taxes may not be top of mind for these underwater homeowners, there are some helpful advantages afforded to these borrowers via the Mortgage Forgiveness Debt Relief Act.

March 12, 2013