Sentences with phrase «owed against both principal»

Not exact matches

The obscure Brooklyn company at the center of the nursing home scandal already owed millions of dollars in unpaid taxes, and its principals were accused of «secretly scheming» against a former business partner, long before the city signed off on a sweetheart deal that netted the firm a $ 72 million profit, records show.

What Dr. Gurner didn't realize is that while her payments were, indeed, more manageable, she was only paying against interest, not putting a dent in the principal balance she owed.

A mortgage customer who already has their loan closed and is currently being serviced can often elect to apply a lump sum of money against their existing principal balance and, rather than simply reducing what they owe on the loan, they end up with a reduced monthly payment.

It depends on the terms of your mortgage, but in most cases any payment to the mortgage account that is in excess of interest currently owed is applied against the principal.