Common Mortgage Terms

  • Common Foreclosure-Related Terms and Definitions

    … in the principal portion of a loan, which is often a home mortgage. The principal is written down to reduce the outstanding balance, typically on qualifying properties with negative equity. In many cases, this is performed to avoid having to foreclose on a property, because reducing the principal may end up being less costly to a bank or mortgage broker than…

    Matty Byloos/ RGR Marketingin Facebook Twitter- 8 readers -
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