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Phrases with «mortgage principal»

The phrase "mortgage principal" refers to the amount of money you borrowed to buy a house, minus any down payment or money you have already paid back. It is the initial loan amount that you need to repay to the lender over a certain period of time, usually with interest. Full definition

Related phrases

Sentences with «mortgage principal»

  • For several years, economists and experts on the housing and securities markets have called for targeted write - downs in the balances of mortgage principal owed by some underwater homeowners. (aboutfloridalaw.com)
  • Many experts say reducing mortgage principal can help troubled homeowners stay in their homes. (npr.org)
  • If I am working full time and have all the houses rented, I'm planning on using 70 percent of rent profits on mortgage principal reduction on one single property every month. (biggerpockets.com)
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