Can I Make Principal-Only Payments on My Mortgage? I suppose someone could decide not to pay their mortgage out of principle, or do something else money-related based on their principles, but that might be a stretch. Or someone may not do business with a large corporate bank out of principle because they disagree with their lending practices. A vegetarian may not eat meat as a matter of principle. It can mean a variety of different things, but perhaps the best definition is a rule (or code) that governs one’s behavior.įor example, someone might do something out of principle because it aligns with their moral beliefs. What about the word “principle?” Well, for starters it’s always a noun, whereas principal can be both a noun or an adjective (principal vs.
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