in a mortgage, the amount of money borrowed is called the\ninterest\nfee\npoint\nprincipal
in a mortgage, the amount of money borrowed is called the\ninterest\nfee\npoint\nprincipal
Answer
Brief Explanations:
In mortgage - related finance concepts, the principal is defined as the amount of money borrowed. Interest is the cost of borrowing the principal (calculated as a percentage of the principal over time). A fee is a charge for a service (not the amount borrowed). A point is a type of fee (usually 1% of the loan amount in mortgage terms).
Answer:
principal