Choose the most appropriate answer for each.
-balance owing on a loan
A)Amortized loan
B)Amortization tables
C)Balloon loan
D)Budget mortgage
E)Conventional loan
F)Discount point
G)Equity
H)FHA
I)Impound account
J)Loan balance table
K)Loan origination fee
L)Loan-to-value ratio
M)Maturity
N)Partially amortized loan
O)PITI payment
P)PMI
Q)Point
R)Principal
S)Term loan
T)UFMIP

Question

Quizplus · Accepted Answer

The balance owing on a loan is referred to as the "Principal," which is the original amount borrowed that remains unpaid.

Choose the Most Appropriate Answer for Each