Appraisal Gap: What to Do When Your Appraisal Falls Short
The dreaded appraisal gap in a seller’s market used to mean the buyer pays the difference. Compass Mortgage has an alternative appraisal gap coverage option.
What Is a Fixed-Rate Second Mortgage?
If you want to take advantage of the record amount of equity locked up in your home, you may want to consider a fixed-rate second mortgage, or home equity loan.
Down Payment for a House: What a First-Time Home Buyer Needs to Know
Making a down payment for a house is a big step for first-time home buyers, and one that comes with many considerations. We’ll walk you through the process.
What’s the Difference Between an FHA and a Conventional Appraisal?
The difference between an FHA and conventional appraisal is based on the requirements and background of each mortgage loan type.
5 Preparation Steps to Move from Renting to Owning
The journey to go from renting to owning can be intimidating. Read our tips to create a smooth, successful transition into homeownership.
How to Make an Offer on a House
Once you’ve found the home of your dreams, it’s time to put together an offer. Follow these 6 steps for how to make an offer on a house that stands out.