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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.), Massachusetts: ML21808, Maryland: 21808, Michigan: FR022873, Minnesota: MN-OX-21808, Nevada: NCEM-125940, New Hampshire: 21808MB, New Jersey: 21808, North Dakota: ML104991, Oregon: 21808, Washington: CL-21808 NMLS, Washington DC: MLB21808, West Virginia: ML-21808.

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.

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