HomeSite MapCompareFinanceDebtCasino Additional principal paymentThe mortgage definition for Additional principal payment:Extra money included in the monthly payment to help reduce the principal and shorten the term of the loan. Similar MatchesAdditional security feeAdditional security feeAn up-front, one-off fee paid to the lender to protect against the borrower defaulting on the loan. This is usually charged on mortgages of more than 75% of the property value. Also known as Indemnity Guarantee Premium and Mortgage Indemnity Premium. Click to compare definitions of Additional principal payment Click to view definitions beginning ad |