Loan principal definition and basics | Rocket Mortgage
The principal is the amount of funding borrowed for your loan, while interest is the money paid for use of the loan. Learn how these components interact.| Rocket Mortgage
The principal is the amount of funding borrowed for your loan, while interest is the money paid for use of the loan. Learn how these components interact.| Rocket Mortgage
A mortgage amortization schedule shows a breakdown of your monthly mortgage payment over time. Figure out how to calculate your mortgage amortization.| Rocket Mortgage
A fixed-rate mortgage will maintain a single interest rate for the life of the loan. Explore how fixed-rate mortgages work and their various benefits.| Rocket Mortgage
A fully amortized loan isn’t as confusing as it may sound. Read about how fully amortized loans work, what they’re for and what the payments consist of.| Rocket Mortgage
Making principal-only payments on your mortgage can save you on interest over time. Learn how to make a principal-only payment and pay off your loan faster.| Rocket Mortgage
Adjustable-rate mortgages offer low introductory interest rates that change over the life of a loan – with limits. Find out whether an ARM is right for you.| Rocket Mortgage
