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.
For owner-occupied properties, the maximum base loan amount would be whichever is the lesser of: (i) the current mortgageâs outstanding principal balance as of the month before the mortgage disbursement, plus the interest due on the current mortgage and the MIP due on the current mortgage; or (ii) the current mortgageâs original principal balance, ...