Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
After that point, if the borrower is not delinquent or in. default, the unpaid principal balance of the loan is less than 80% of the original property valuation, and the borrower requests cancellation of the escrow account, then the lender (or servicer, as. applicable) may cancel the escrow account.