Mortgage Principal is the balance due on a home loan. It is the money that is actually going to paying off the loan. Interest is the portion that is going to the mortgage company. In the beginning of your home loan you pay more interest and less principle. As time goes on you start to pay less interest and more principal. It is wise to understand how much interest you are paying vs how much of the actual principal is going to the home loan.
What Is Mortgage Principal
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