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Glossary

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Principal

The basic element of the loan as distinguished from interest and mortgage insurance premium. In other words, principal is the amount upon which interest is paid.

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Our main office is in Warrenville, Illinois

(30 miles/50 km west of Chicago).

For a list of other locations and licensed states, click here.

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NMLS# 21808 – Alabama: 23410, Arkansas: 21808, Arizona: 0909436 (dba Compass Mortgage Lending, Inc.), California: 4131332 (dba Compass Mortgage Lending, Inc.), Colorado: 21808 (dba Compass Mortgage Lending, Inc.), Florida: MLD308 (dba Compass Mortgage Lending, Inc.), Georgia: 38332, Illinois: MB.0005795, Indiana: 11020, Iowa: MBK-2001-0104, Kentucky: MC763652, Massachusetts: ML21808, Maryland: 21808, Michigan: FR022873, Minnesota: MN-MO-21808, Nevada: NCEM-125940, New Hampshire: 21808MB, North Carolina: 20080, North Dakota: ML104991, Ohio: RM.804327.000, Oregon: 21808, South Carolina: MLS-21808, South Dakota: 21808.ML, Tennessee: 135374, Texas: 21808, Virginia: MC-7262, Washington: CL-21808 NMLS, West Virginia: ML-21808, Wisconsin: 38296BA/21808BR.

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