Mortgage 101: How Long Does It Really Take to Buy a House?

Posted by Laine Smith on 3/29/17 9:00 AM

Buying a home takes several steps, especially if you’re like the majority of homebuyers who finance their homes. While you’re eager to get into your new house, you’ll need to practice patience in a few of the steps throughout the homebuying process. Here are some typical timeframes of the steps to buying a home.

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5 Mistakes That Could Derail Your Homebuying Plans

Posted by Laine Smith on 3/12/17 1:46 PM

Buying a home is likely the biggest purchase you’ll make in your lifetime, so it makes sense that preparing to buy one takes a little longer than most other purchases. With that being said, there are several mistakes you should avoid if you hope to purchase a home in the next few months.

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Mortgage 101: How to Get $7,500 in Down Payment Assistance as a First-Time Homebuyer

Posted by Laine Smith on 2/20/17 10:06 AM

With mortgage rates and rent prices climbing on top of the availability of several down payment assistance programs, there’s no better reason to purchase your first home sooner rather than later. Here’s how the Illinois Housing Development Authority's loan program 1stHomeIllinois makes homeownership even more enticing for first-time buyers.

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Buying or Refinancing? Receive Up to $20,000 in Down Payment and Closing Cost Assistance

Posted by Laine Smith on 2/13/17 10:18 AM

Closing costs and down payments are common homebuying hurdles. Though low down payment mortgage options are readily available to homebuyers, adding that with 2 to 5 percent of a home’s purchase price in closing costs can tally up quickly. The Compass Grant Program is here to help borrowers cut down on those costs.

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How to Sidestep 9 of the Biggest First-Time Homebuyer Mistakes

Posted by Laine Smith on 1/21/17 11:04 AM

Buying a home is a big financial and lifestyle decision, and if it’s your first home, it can be nerve-racking. Though your mortgage banker and real estate agent will be there to guide you, there are certain things you should be aware of before jumping into your homebuying journey. Here’s our list of the biggest first-time homebuyer blunders and how to avoid them.

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How to Receive Up to $20,000 in Down Payment Assistance

Posted by Laine Smith on 1/5/17 9:30 AM

Closing costs and down payments are common homebuying hurdles. With that being said, we are excited to announce our introduction of Associated Bank’s Homeowner’s Edge Loan Plus (HELP) program at Compass Mortgage.

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Mortgage 101: What Are Closing Costs and How Can You Minimize Them?

Posted by Laine Smith on 1/4/17 10:00 AM

When you get a mortgage, you will most likely be paying closing costs at the finalization of your purchase or refinance. These costs, which typically range from 2 to 5 percent of your home’s purchase price, are charged by your mortgage lender and third parties that have performed services related to your home purchase (a lot of behind-the-scenes players are involved in the home buying and financing process). See here what you can expect to pay within your closing costs and ways you can try to minimize what you need to bring to closing.

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10 Homebuying & Mortgage Myths You Need to Stop Believing Now

Posted by Laine Smith on 12/18/16 10:00 AM

You’ve been diligently working on the steps to go from renting to homeownership, setting aside money for a down payment and paying down your credit cards, but are you still buying in to some of the biggest homebuying myths?

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Preparing to Buy Your First Home in 2017: 5 Things You Should Start Doing Now

Posted by Laine Smith on 12/4/16 12:51 PM

Increasing mortgage rates coupled with rising home prices and rent costs are among a few of the reasons 2017 could be a good year for you to buy a home. Here’s what you can and should be doing now if 2017 is the year you want to get out of the rental circuit.

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12 Homebuying & Home Financing Terms All First-Time Homebuyers Should Know

Posted by Laine Smith on 11/21/16 10:00 AM

Buying a home, especially your first home, can sometimes be a confusing process. With new terms like earnest money and title search jumping out at you from purchase contracts and mortgage documents, you may find your head spinning. That’s why we’ve compiled some of the common home financing terms you should understand when purchasing a home.

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