Home Loans 101: What Does

What is "principle" in a home loan?

The "principal" on a mortgage loan refers to the outstanding balance due on the original loan amount. As you pay off your loan monthly, a portion of your payment goes to interest and another part to your principal balance. In time, the principal balance will decrease until full payment is reached.

Begin your home loan process today!

Local Loan

Timely and Accurate


Mortgage Questions? We Can Help! Contact me today