The amount of money borrowed or the amount of the loan that has not yet been repaid to the The lender providing funds for a mortgage. Lenders also manage the credit and financial information review, the property and the loan application process through closing..... This does not include the The cost you pay to borrow money. It is the payment you make to a lender for the money it has loaned to you. Interest is usually expressed as a percentage of the amount borrowed.... you will pay to borrow that money. The principal balance (sometimes called the outstanding or unpaid principal balance) is the amount owed on the loan minus the amount you’ve repaid.