12 Acronyms You Might Hear During the Mortgage Process and What They Mean

There are many costs—even potentially unfamiliar terminology—associated with taking out a mortgage, including interest rate (the cost of borrowing), discount points (or just “points,” which are prepaid interest that can lower monthly payments) and fees (such as mortgage application and origination fees, closing costs and so on). Buying and financing a home—especially your first home—can […]

What’s the Difference Between an FHA and Conventional Appraisal?

In all cases in which a mortgage loan is used to purchase a home, a lender will require an appraisal of the home. Appraisals are used by lenders to determine a property’s value and to help protect the lender’s investment as well as that of the homebuyer. Home appraisals differ based on the type of […]

7 Things to Know About the HomeStyle® Renovation Loan

TV shows like Fixer Upper and Rehab Addict can inspire homebuyers to purchase a home in need of renovations or rehab and make it into their own, but they leave out a very crucial part of the process: financing the renovations. Fannie Mae’s HomeStyle® Renovation Mortgage allows borrowers to include financing for home improvements when […]

9 Ways to Slash Your Home Utility Bill This Fall & Winter

Energy efficient home maintenance tasks probably aren’t on your list of favorite fall activities. Nevertheless, these home improvements and home maintenance fixes will keep your cool-weather utility costs a little bit lower this fall and winter. Maintain Your Furnace Having an HVAC professional take a look at your heating system can do wonders for your […]

7 Things to Do Before Moving

Your belongings are boxed up, the moving truck is scheduled, and you’ve recruited family and friends to help unload on moving day. Moving to a new home is an exciting time, but before you start unpacking the truck, here’s a to-do list you should take care of before you start filling your new home with […]

MortgageSAT 2018 Best-In- Class Lender

Customer loyalty and satisfaction is a top priority at Compass. By providing outstanding service, we aim to create customers for life.  We are committed to providing an excellent mortgage experience that surpasses what others in the industry can offer. Recently, we’ve been named a MortgageSAT© 2018 Best-in-Class Lender! This elite distinction, awarded to the top […]

First Time Home Buyers

Let’s Make Home Loans Easy! The home loan process can be frightening–especially if you are a first time borrower who doesn’t quite know what to expect. By identifying the most common mistakes made by borrowers, you will be able to understand and avoid possible scenarios that could lead to any unneeded anxiety in relation to […]

Moving Soon? Here’s Your Packing Timeline

Moving is notoriously stressful. From the significant financial commitments to the logistics of packing up your belongings and resettling somewhere new. It disrupts your family’s routine which can create a sense of disorder.

Mortgage 101: How Your Mortgage Lender Determines Your Credit Score

Credit card companies, auto dealerships and mortgage lenders are just a few of the institutions that will assess your credit score before deciding if and how much they are willing to lend you and at what interest rate. When it comes to getting pre-approved for a mortgage, your credit score is one of the most […]

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