Newsroom

There are so many unique terms and abbreviations used in the homebuying process that it quickly becomes confusing. But it doesn't have to be. Learn common words, acronyms, and phrases used in the mortgage and real estate buying process.

September 30, 2026

Pre-qualified and pre-approval each have their place in the home-buying process. What’s the difference between the two? Do you really need both? Read on to learn more.

September 29, 2026

Before approving a home loan or refinance, lenders review documents that help them evaluate your financial profile. Below is a breakdown of the paperwork commonly requested during the application process.

September 24, 2026

If a conforming loan won't cover your financing needs, a jumbo loan may be an option. Learn how these mortgages work, who they’re designed for and what you may need to qualify.

September 23, 2026

Refinancing your mortgage replaces your current home loan with a new one that better aligns with your financial goals. Learn about the different types of refinancing options available and how the process works to make an informed decision.

September 23, 2026

The Federal Reserve helps shape the rate environment, but it doesn’t tell the whole story. Learn what influences mortgage rates and what that means for homeowners and homebuyers.

September 21, 2026

Pennymac announced “Welcome Home,” the second season of its “Bring It Home” video series, giving homebuyers and homeowners tools and information for every stage of the process. As the Official Mortgage Provider of Team USA, Pennymac paired its loan experts with Team USA athletes who are Pennymac homeowners, answering on camera the questions buyers ask most.

September 8, 2026

Learn why bank-owned properties are worth considering for buyers ready to navigate the process.

August 31, 2026

A mortgage payment includes more than just your loan amount and interest. This guide explains the components of PITI and PITIA, how they affect monthly costs and what to consider before shopping for a home.

August 31, 2026

Learn how taking over a seller's loan could save you money with lower rates and reduced costs.

August 31, 2026

Smart backyard upgrades can boost curb appeal, comfort and home value. Explore outdoor improvement ideas and ways to plan your projects with Pennymac.

August 27, 2026

Find out how much income you need to comfortably afford a $200,000 home. Learn about down payments, loan options and how location influences what you can buy and what you’ll pay.

August 13, 2026

If you’re shopping for a $500,000 home, understanding the numbers behind the price tag is essential. Here is a look at the income required and how variables like your location, loan type and down payment shape your monthly costs.

July 29, 2026

Wondering whether a $400,000 home fits your budget? This guide breaks down the income, down payment, monthly costs and key financial factors that can help you decide if buying at this price point is the right move.

July 29, 2026

Learn what it takes to afford a $300,000 home, including the income you may need and how down payments, loan options and location influence your costs.

July 29, 2026