Get Your Home Ready to Sell in 7 Easy Steps

Are you getting ready to sell your home and want to maximize your home’s value and attract the attention of buyers? There are a few things you can do to get your home ready to sell in 7 easy steps.Talk to the professionalsThe first step is to find a real estate agent who knows your market.  Your agent should provide you with their professional opinion about comparable properties, what your home may be worth, and advise you on setting the right asking price. To find the right...

What Are the Costs of Homeownership?

You have the down payment for your new home, you’re ready to start looking for the perfect house, but have you considering the other costs that come with owning a home? Homeownership can be a smart long-term move to build wealth. However, once you buy a house, there are additional costs to consider you should be prepared for on top of your monthly mortgage payment. Here’s a look at some of the average costs associated with owning a home.Mortgage Payment Unless you’re paying...

What is PMI?

What is Private Mortgage Insurance?Private Mortgage Insurance (PMI) is normally required on a conventional mortgage if the borrower’s down payment is less than 20% of the property's value. PMI is a protection for the lender if the borrower stops making their mortgage payments and defaults on the loan.For example, if you were to purchase a home for $300,000, you should anticipate a down payment of $60,000 to not pay PM, anything less, you would have to pay PMI.The good news is that PMI...

Tips on Buying a New Home from Real Estate Pros

If you think buying a new home is easy, you’ve probably been spending too much time watching HGTV. Everything on TV seems easy, but that effortlessness rarely translates to real life. That’s because real life has real complications, and that’s especially true when it comes to buying a house. However, we’ve got a few tips for you straight from real estate professionals. Incorporate them into your home buying strategy to make the process quicker and easier.Line Up Your...

What Is A Mortgage Rate Buydown and Can I Benefit?

Are you looking to buy a new home but worried your payments will be too high? If so, you may want to consider a purchase temporary mortgage buydown. A temporary mortgage buydown is a financing option that allows you to obtain a lower interest rate for the first few years of your mortgage. This can help you to keep your monthly payments more affordable and make your dreams of buying a new home a reality.What is a Temporary Mortgage Buydown?A temporary buydown is a mortgage financing option that...

Get a Mortgage Pre-Approval

An important part of shopping for a new home is knowing how much you can afford. A Mortgage Pre-Approval helps you shop for homes within your budget, and helps your offer stand out once you find a home. We’ll go over the what, why, and how of getting a Mortgage Pre-Approval for your new home.Learn all about the benefits of an PHH Mortgage Pre-ApprovalIs There A Difference Between A Mortgage Pre-Qualification and Pre-Approval?A pre-qualification and pre-approval are both ways to...

Download the Mobile App

Now Available! Newly Redesigned Mobile App – Managing your account on the go has never been easier! We've redesigned our mobile app to bring you an even better mobile experience. All the same features and functionality that is available on PHHMortgage.comLogins are seamless between the App and Website – register on either oneCompletely new user interface – redesigned to simplify and enhance the end user experienceUpdated design changes includeNavigation bar along...

Trouble Accessing Documents?

If you are experiencing any issues opening PDF documents from our website, here are some of the most common reasons to consider: Your device doesn't have a PDF reader installed.Your PDF reader or preferred program is out of date and needs an update.Your PDF application is potentially damaged or needs to be rebooted. Here are other helpful troubleshooting tips to try: Pop-Up Blockers: Check your browser to ensure Pop-Ups are “Always Allowed". This is the most common...

Understanding Fees and How to Avoid Them

Nobody likes to be surprised by unexpected fees. Learn more about some of the most common fees that may be charged to your account, and potential options to avoid them.

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