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8 of 8 questions
What is the principal of a loan?
The principal of a loan is the remaining balance of the money you borrowed. Principal does not include interest, which is the cost of the loan. As you make payments, the principal decreases while the interest is calculated on the remaining balance.
What is a down payment?
APR vs interest rate?
How much are closing costs?
How much is private mortgage insurance?
How much is homeowner's insurance?
What is debt-to-income ratio?
How do I improve my credit score?
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