Understanding Real Estate Terminology Part 6
Posted by Sean Rasmussen on October 29th, 2008 filed in UncategorizedThis is the final installment of our series on understanding real estate terminology. I hope that you have found this series to be useful and beneficial.
• Principal is the amount of money that you borrow. Every time you make a payment on your mortgage you reduce the principal.
• Rates are the annual, quarterly, half-year or [...]
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