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gladu [14]
3 years ago
8

In a mortgage, the amount of money borrowed is called the_______.

Business
2 answers:
topjm [15]3 years ago
6 0

Answer:

Loan principal

Explanation:

A mortgage refers to a loan people make to get funds in which real estate is used as a collateral and the borrower has to pay back following a plan of payments that includes the loan principal and the interest. The loan principal is the amount you borrow and it goes down when you make your payments and the interest is the money you have to pay for the amount you borrowed. According to this, in a mortgage, the amount of money borrowed is the loan principal.

Rashid [163]3 years ago
5 0

No answer choices......




In a mortgage, the amount of money borrowed is called the Loan principal, or just a loan.

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Answer:

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