Principal (the capital sum) and interest on the principal are combined in the mortgage payment to result in full repayment at the end of the loan's term (except in the case of balloon loans). …
Principal Paid Over Life of Loan
The sum of scheduled principal payments are calculated by the lender to equal the face amount of the loan. …
Principle of Conformity
The idea that a house will more likely appreciate in value if its size, age, condition, and style are similar to (or conform to) other houses in the neighborhood. …
Principle of Progression
An appraisal term which states that real estate of lower value is enhanced by the proximity of higher-end properties. …
Principle of Regression
An appraisal term which states that the value of higher-end real estate can be brought down by the proximity of lower-end properties. …
Privacy Fence
A structure erected between two pieces of property. …