Skip to content
  • Get Committed®
  • Loan Products
    • Buy a Home
    • Refinance a Home
    • Cash Out Refinance
    • Home Equity Loan
    • Home Equity Line of Credit
    • VA Loan
    • FHA Loan
    • 2-1 Buydown
    • One Time Close Construction Loans
  • Why We’re Different
  • Join Our Family
  • Get Committed®
  • Loan Products
    • Buy a Home
    • Refinance a Home
    • Cash Out Refinance
    • Home Equity Loan
    • Home Equity Line of Credit
    • VA Loan
    • FHA Loan
    • 2-1 Buydown
    • One Time Close Construction Loans
  • Why We’re Different
  • Join Our Family
Apply Now
  • Loan Products
    • Buy a Home
    • Refinance
    • Cash Out Refinance
    • Home Equity Loan
    • Home Equity Line of Credit
    • VA Loan
    • FHA Loan
  • Why We’re Different
  • Join Our Family
  • About
    • Get Committed
    • Testimonials
    • Loan Officers
    • Locations
  • Resources
    • Glossary
    • Glossary
    • Loan Process
    • Videos
    • The Dangers of Wire Fraud
    • Mortgage Payment Calculator
    • Refinance Calculator
    • Loan Comparison Calculator
    • FHA Loan Calculator
    • VA Loan Calculator
  • Compass in the Community
  • Blog
  • Customer Login
  • Contact
  • Borrower Portal

Learn About the
Industry's Fastest Close

Learn More

Glossary

Return to Index

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.

Call us at (877) 793-9362 or fill out the contact form here to send us an email.
Twitter Facebook Youtube Pinterest Instagram Linkedin-in

Locations

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.

View All Locations
topworkplaces
Join the Compass Family
© 2023 Compass Mortgage Inc. All Rights Reserved.
  • Customer Login
  • Loan Status
  • Your Privacy Rights
  • Mortgage Calculators
  • Privacy Statement
  • Disclosures
  • Customer Login
  • Loan Status
  • Your Privacy Rights
  • Mortgage Calculators
  • Privacy Statement
  • Disclosures

Home to a Better Mortgage Experience® and Get Committed® are registered trademarks of Compass Mortgage Inc. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Compass Mortgage Inc. and www.compmort.com with appropriate and specific direction to the original content. NMLS# 21808 – Illinois: MB.0005795, 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, Indiana: 11020, Iowa: MBK-2001-0104, Michigan: FR022873, Tennessee: 135374, Texas: 21808, Wisconsin: 38296BA/21808BR, Oregon: 21808, Minnesota: MN-MO-21808, Ohio: RM.804327.000, South Carolina: MLS-21808, North Carolina: 20080, Kentucky: MC763652, Washington: CL-21808 NMLS Consumer Access Illinois Residential Mortgage Licensee Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. For licensing information, go to: www.nmlsconsumeraccess.org.

EN
ES EN
English
English
Spanish