Principal is the amount of money borrowed to purchase a home. It is also what remains after any repayments. A loan of $800,000 initially has a principal of $800,000. Pay off $200,000 and the principal becomes $600,000. Note: The principal does not include interest accrued.
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Chasers Getting Result ® is a business coaching program that helps business owners
discover everything they need to know to build a successful business.