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.
- Posted by Jeffrey Hain
Paying off your mortgage early sounds like a dream, right? Well, it doesn’t have to be. You can make it a reality with extra mortgage payments. By applying additional funds to the principal, you can reach an earlier payoff date and save interest over the life of the loan.
- Posted by Mary Boston
Each financial decision is unique and depends on one’s goals. There are many considerations when it comes to your mortgage. Imagine, though, the lucky homeowners who are unconcerned with how to pay their mortgages, but how quickly they can eliminate them entirely. Surely no downside exists to paying off your mortgage early, right?
- Posted by Giri Damerla
- buying a home
Buying a home at an REO sale can be an excellent opportunity to get into a property while saving money since "real estate owned" by the lender is frequently priced at a discount. While REO homes might need some work, it can be an opportunity to immediately create value so that you can end up with equity in your house from day one. Buying a home at an REO sale is similar to the process of buying one at any other sale.
- Posted by Jeremy Bachmann
We listened and it’s here! We completely redesigned our loan servicing website with features that allow you to access your loan information from your computer, tablet, or mobile device. Top to bottom, every aspect of your logged-in experience has been rebuilt and reconsidered with the focus on improving your overall online mortgage experience.