loan types Articles

Locking in a rate when applying for a mortgage can protect you from fluctuating interest rates.

July 2, 2024

With the right credit score for an FHA loan, you can have an easier qualification process and flexible down payments. Get all the information you need to secure your dream home here.

June 17, 2024

Mortgage assumption allows a buyer to take advantage of favorable terms included in the original financing. Some stipulations need to be followed to be eligible. Do you qualify?

May 9, 2024

Convert your home equity into cash with a home equity line of credit, home equity loan or cash-out refinancing. Let's explore the differences between these options to help you decide if one could benefit you.

October 10, 2023

Learn all about second mortgages, including what they are, how they work, common uses for them, the pros and cons, and tips for obtaining one.

July 26, 2023

Bridge loans are short-term loans that can be used to help bridge the gap until long-term funding can be found.

March 28, 2023

A conventional home loan has less provisions than other mortgage types. Find out if a conventional loan is right for you and how to qualify for one.

March 21, 2023

Want to understand the differences between conforming and non-conforming home loans? Check out our brief guide to these types of mortgages.

March 21, 2023

Getting a first time homebuyer loan can be simple, learn about the requirements and qualifications at Pennymac.com

November 29, 2022