News
A principal reduction is a decrease in the principal owed on a loan, typically a mortgage. Lenders often grant homeowners a principal reduction to help them avoid foreclosure—a process that was ...
Principal is the original loan amount you borrow, not including any interest. For example, with a mortgage, you can buy a $355,000 home and put down $55,000 in cash.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results