Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Additional Principal Payment Additional Principal Payment November 9, 2021 A payment by a borrower of more than the scheduled principal amount due, in order to reduce the remaining balance of the loan.You Might Also Like: Family MattersBack to School Savings: Tips for Stretching Your Budget Everyday MoneyBuilding and Maintaining Financial Health Throughout Your Life Everyday MoneyWhat Is A One-Time Passcode (or verification code) And Why Would Someone Ask Me For It? Living QuartersFirst-Time Homebuyer’s Playbook: 4 Steps to a Successful Offer Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions
