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Choosing the Right Lender

PennyMac

Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment. When comparing mortgage lenders, be sure to inquire about which loans they offer, especially if you’re interested in a non-conventional loan, such as a FHA or VA loan.

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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. Mortgage interest and property taxes may be tax deductible. Rental insurance is inexpensive.

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

PennyMac

Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Here are some tips from real estate experts on how to buy a rental property that’s right for you. Decide If You Have the Ability and Funds to Be A Landlord. Property taxes. Maintenance costs.

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Buying a Second Home – What You Need to Know

PennyMac

Renters rely on landlords who take care of their property. Even if you aren’t living in your second home or renting it out, you still have to take care of the property. Insurance. A second home usually means higher insurance costs for homeowners. A second home usually means higher insurance costs for homeowners.

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