fundamentals Articles  Page 3

A loan officer can do more than help you get a mortgage loan. Here are 10 surprising ways a loan officer can help, from improving your credit score to refinancing to avoiding foreclosure.

June 14, 2018

Whether you’re buying or refinancing, understand how Loan-to-Value (LTV) ratio impacts your mortgage options, eligibility and interest rates.

June 13, 2018

This guide will take you through the foreclosure process, cover different types of foreclosures, discuss what you can expect with a foreclosure, and your options afterwards.

May 25, 2018

Debt-to-Income ratio (DTI) is the amount of monthly debt you have compared to how much monthly gross income you earn. Learn how to calculate your own DTI and how DTI ratios vary for various types of loans.

May 3, 2018

If you’re behind on mortgage payments, help is out there. Learn about available programs and solutions and discover why foreclosure is never a good option.

April 23, 2018

Foreclosure scams are increasingly prominent. Learn what the scams involve, what the scammers get out of it, red flags you should look out for, and who to turn to for help.

April 11, 2018

One of the biggest challenges of applying for a mortgage or a refinance is getting the right documents to the right place. Learn more about the paperwork your lender will need and how to prepare for it.

February 25, 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

Automated Valuation Models work hand in hand with formal appraisals to show you what your home is really worth. Learn why both are necessary to the lending process.

January 4, 2018