Author Archives: Maria Macri

What Does a Title Company Do?

A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. Title companies also often maintain escrow accounts — these contain […]

How to Save Thousands on Your Mortgage

Buying a house may be the largest purchase most consumers ever make. So it’s surprising that over half (52 percent) don’t shop around for a lender. That’s like buying the first car you see or trusting that one gas station will always give you the best price. It’s an oversight that could hit your wallet in […]

Should You Pre-Pay Your Mortgage?

Prepaying Your Mortgage Prepaying your mortgage — which simply means that you pay all or part of the money owed on your mortgage before it’s officially due — offers an alluring proposition: By paying what you owe early, you can cut down the amount of interest you owe to the lender, which can save you […]

What to Expect in the Loan Process When You’re Also Selling

Buying your first home was a huge endeavor. Remember the research? The piles of paperwork to review and sign? The deadlines? (If you’re a first-time buyer, check out the steps you can expect during the mortgage process.) Although you’re now a homeowner, get ready to relive all that stress and angst again to purchase a new […]

What Is Negative Equity?

What is Negative Equity? Home equity is how much of your home’s value you actually own versus the amount that is financed. Your equity changes all the time as your home’s value fluctuates, and as you pay down your loan. If your home’s value drops below your outstanding loan balance, you have negative equity. Calculate […]

What First-Time Home Buyers Wish They Knew About Financing

With over 45% of buyers purchasing a home for the first time, a big chunk of home buyers are newly experiencing the fierce complexities and challenges of buying a home. And financing is, without a doubt, an important factor for those looking to own. Most buyers (77%) obtain a mortgage to finance their home, according […]

How Renters Can Prepare to Be Buyers

If you feel like you’re throwing away money every month for rent and would rather start building equity yourself, you’re not alone. Although renters account for 37 percent of all households in America, half considered buying a home instead, according to the Zillow Group Consumer Housing Trends Report 2017. Even though many renters would like to […]

How to Save Thousands on Your Mortgage

Buying a house may be the largest purchase most consumers ever make. So it’s surprising that over half (52 percent) don’t shop around for a lender. That’s like buying the first car you see or trusting that one gas station will always give you the best price. It’s an oversight that could hit your wallet in […]