Mortgage Principal
Your Mortgage Principal is the amount borrowed from your lender that must be repaid. At any point in time your outstanding Mortgage Principal can be calculated by subtracting the amounts paid to the lender from the original amount borrowed. As monthly mortgage payments are made, the mortgage principal is reduced. So keep it up! You’ve got this!
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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