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The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Property taxes and HOA fees are the buyer’s responsibility. Rental insurance is inexpensive.

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Buying a Second Home – What You Need to Know

PennyMac

Renters rely on landlords who take care of their property. Insurance. A second home usually means higher insurance costs for homeowners. A second home usually means higher insurance costs for homeowners. If you’re renting, there’s also landlord insurance. Connect with a Pennymac loan officer today.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Decide If You Have the Ability and Funds to Be A Landlord. Being a landlord can be a rewarding and lucrative job, but there are useful (and sometimes necessary) abilities you need. For example, typical annual costs include things like: Insurance. Decide Whether To Loan or Buy In Cash. Property taxes. Maintenance costs.