Mortgage Payments
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Home Buying
Does the Low PennyMac Payment Make This Mortgage Worth It?
Unemployment is currently at historically low levels, and the US economy is performing very strongly. Because of this, many analysts and aspiring homeowners expect the housing market to pick up, even more so after the Federal Reserve recently cut interest levels. Is this a good time to buy? The Bank of America mortgage rates, as an example, are notably going…
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Home Buying
Buying a Home: What Actually Happens on Completion Day
The hard part of buying a house is finally over – you’ve completed all of the paperwork, went through all of the motions to get a mortgage loan, and made your down payment. Completion day came faster than you expected, and now it’s time for you to pick up your house keys! In order to have a smooth and hassle…
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Home Buying
Should You Take Out a Second Mortgage?
A second mortgage translates to a second loan against your home. It’s similar to a first mortgage in that you get a one-time payment and then pay a certain amount of the loan off per month. You can only receive a second mortgage if your first one is paid off. The interest rate is typically higher on a second mortgage…
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