Mortgage 101

Make a smart decision about your home loan 

There are many factors to consider when deciding which mortgage will work for you.

Whether you’re a first-time home buyer, buying a second home, building or renovating a home, or looking to refinance. BBVA Compass is here to help you finance your dream home. We want to answer your mortgage questions and provide the knowledge you need to make a confident decision.

Buying a Home

Buying a home is a big event. From applying for a mortgage to buying your first home or investing in a vacation getaway, we’re here to guide you through the journey.

How to Prequalify for a Mortgage

As you begin looking for your home, having a prequalification letter will help you know your price range and will strengthen your ability to negotiate with sellers.

What to Expect When Applying for a Mortgage

Once you have found a home that fits your needs and the seller has accepted your offer, it’s time to start a mortgage application. 

How Does Your Credit Score Affect your Mortgage?

If you’re interested in buying a house, but are concerned about the health of your credit or believe you have a low credit score, don’t be discouraged.

Refinancing Your Mortgage

Refinancing to a lower interest rate can lower your monthly mortgage payments—but is it right for you? We’ll help you weigh the pros and cons to make the right decisions for your life.

Refinancing Your First Mortgage

Looking to lower your interest rate and get your loan paid off sooner? Then it might be time for you to consider refinancing. 

Refinancing Your Second Mortgage

Refinancing your mortgage can make monthly payments more manageable by stretching out the remaining loan term. 

Cash-Out Refinance

A cash-out refinance with BBVA Compass can be a great way to finance home improvements, consolidate debt, cover an emergency expense, or take care of other financial needs. 

 

Building or Renovating Your Home

Building a new home? Renovating your current home or a newly purchased “fixer-upper?” Whatever your plans, you’ll need to make important decisions along the way. That’s why we’re here.

How to Prepare: New Home Construction

Building a new home comes with the responsibility of making many decisions—including where you finance your loan, hiring a contractor, and more.

Preparing for Your Home Renovation

Installing new flooring? Updating your kitchen appliances? These home improvement projects are a great way to refresh your home. Here's a few tips to consider before you start.

How to Increase your Home’s Value

Renovating your home is one of the best ways to improve its value. But before you get started, it’s important to understand which home improvements help or hurt your resale value.

 

Applying for a Home Equity Loan or Line of Credit

Borrowing against your home’s equity is a great way to finance home renovations, college tuition, and other big expenses. Learn more about HELOCs and home equity loans.

Borrowing Against Your Home Equity

When you need money for home renovations, college tuition, or other expenses, sometimes a second mortgage is the answer. BBVA Compass can help make your home’s equity work for you.

What is a Home Equity Line of Credit?

A home equity line of credit, or HELOC, is a line of credit that uses your home as collateral. With a HELOC, you can draw from an approved credit amount at any time within the draw period.

How Does a Home Equity Line of Credit Work?

Learn how a home equity line of credit (HELOC) works and decide if this convenient personal finance tool is right for you. 

Contact US

BBVA Compass Mortgage Contact Us

Please complete this inquiry form, and a Mortgage Specialist at BBVA Compass will contact you within 2 business days. There is no obligation on consultation for any of your home financing needs.


 
 
 
 
 
 
 
 

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