www.mortgage-terms.co.uk



Home
Site Map

Compare
Finance
Debt
Casino


Additional principal payment

The 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 Matches

Additional security fee

Additional security fee
An 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
  www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.