Mortgage & Interest Rate
News, Tips & Tools Page 2

Explore Pennymac's Learning Center for tips on mortgage rates, interest rates, home buying, refinancing & real estate. Stay informed to make smarter decisions.

 
Your Ownership Roadmap: Condo Pros, Cons and Mortgage Options

Considering homeownership, but feel unsure about whether to buy a house or a condo? We’ve got the pros and cons about condo living and tips for how to secure the financing to make it happen.

January 2, 2025

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Your Ownership Roadmap: Condo Pros, Cons and Mortgage Options
Your Ownership Roadmap: Condo Pros, Cons and Mortgage Options

Considering homeownership, but feel unsure about whether to buy a house or a condo? We’ve got the pros and cons about condo living and tips for how to secure the financing to make it happen.

January 2, 2025

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How to Get Pre-Approved for a Mortgage
How to Get Pre-Approved for a Mortgage

Shop for your new home with confidence. Get pre-approved for a mortgage so you can understand your buying power and start making offers.

December 6, 2024

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A Comprehensive Guide to Home Equity
A Comprehensive Guide to Home Equity

Your home equity is a valuable financial tool. Read this guide to explore what it is, how to calculate it and find out the many ways you can use it to your advantage.

November 21, 2024

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How to Build Wealth and Passive Income by Buying Rental Property
How to Build Wealth and Passive Income by Buying Rental Property

Ready to join the ranks of savvy rental property owners? Get started with these tips and strategies to make your investment a success.

November 18, 2024

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The Home Maintenance Checklist for Every Season
The Home Maintenance Checklist for Every Season

Regular home maintenance helps prevent minor issues from escalating into major, costly problems. Use this checklist to keep your home in optimal condition and discover helpful maintenance budgeting strategies.

October 4, 2024

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Should I Refinance My Mortgage? (And When Is the Best Time to Do It?)
Should I Refinance My Mortgage? (And When Is the Best Time to Do It?)

Refinancing your home can be a strategic move for reaching your financial goals, but it’s important to understand how it works before taking the leap.

October 3, 2024

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Refinancing Your FHA Loan to a Conventional Loan
Refinancing Your FHA Loan to a Conventional Loan

Refinancing an FHA loan to a conventional loan offers several benefits, such as potentially eliminating the mortgage insurance premium. Here's an overview of the pros and cons and other factors to consider.

October 2, 2024

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Key Property Features to Look for When House Hunting
Key Property Features to Look for When House Hunting

Make an informed decision when buying a house by considering these key features. Learn what to look for and find your perfect home with Pennymac!

September 30, 2024

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Types of Loans for Homeowners and Prospective Buyers
Types of Loans for Homeowners and Prospective Buyers

A breakdown of the most common home loans to help you find the one that’s right for you.

September 12, 2024

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Affordable Lending: Homebuyer Assistance Programs
Affordable Lending: Homebuyer Assistance Programs

Homebuyer assistance programs can help you achieve your homeownership goals by providing down payment assistance, closing cost aid and lower interest rates.

September 11, 2024

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Helpful Tools

Home Value
Estimator

See an instant estimate of your home's current value and view recent home sales in your area

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Mortgage
Calculators

See how much home you can afford, what kind of monthly mortgage payment you might have, the benefits of refinancing and more!

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