mortgage basics Articles Page 2

Mortgage Basics

Start Smart: Your Plain-English Guide to Mortgage Terms, Processes, and Confidence.

Home Ownership

Master Your Home: Essential Tips and Expert Guidance for Every Homeowner's Journey.

Refinance

Refinance Smarter: Discover How to Save Big or Unlock Cash From Your Home's Value.

Home Equity

Leverage Your Wealth: Strategies for Building, Accessing, and Maximizing Your Home Equity.

Loan Types

Stay Ahead of the Curve: Expert Analysis on Loan Types, Rates, and Market Trends.

Guide to Getting Your Free Credit Report

You’re entitled to a free credit report every year. The good news is, it’s easy to get it from the right place. Here’s how to claim yours—and how it can give you peace of mind.

November 18, 2025

Guide to Getting Your Free Credit Report

You’re entitled to a free credit report every year. The good news is, it’s easy to get it from the right place. Here’s how to claim yours—and how it can give you peace of mind.

November 18, 2025

Common Mistakes First-Time Homebuyers Make and How to Avoid Them

Buying your first home? Avoid costly mistakes with expert tips on credit, savings, and mortgage options from Pennymac. Get prepared for the home-buying process today.

October 24, 2025

Tips for Buying and Selling a Home at the Same Time

Learn how to buy a new home before selling your current house, plus tips to manage mortgages, timing, and financing.

October 24, 2025

Pre-Qualified vs. Pre-Approved: The Differences Explained

Discover the differences between pre-qualification and pre-approval in the home-buying process. Learn why both steps matter. Talk to a Pennymac expert today!

October 23, 2025

How To Improve Your Credit Score

Find out how to boost your credit score before buying a home—and explore loan options even if you have little or no credit history.

September 25, 2025

Everything You Want to Know About Adjustable-Rate Mortgages

Unsure if an adjustable rate mortgage is right for you? Get the inside scoop on the ARM and learn whether the risks of this loan type are worth the reward.

September 25, 2025

Do You Need 20% Down to Buy a Home?

Putting 20% down on a home is a “rule” that’s been around forever. But today, buying a home is a lot more flexible. Your down payment amount really depends on the type of loan you choose. And good news: there are several loan options, down payment assistance programs, and funding sources that can help you achieve your homeownership goals.

September 25, 2025

Guide to What Happens After the Appraisal

The home appraisal can influence everything from a loan approval to the final sale price. In this guide, we'll break down what to expect during the appraisal and how to prepare for what's next.

August 29, 2025