{"id":4530,"date":"2017-12-29T12:57:57","date_gmt":"2017-12-29T17:57:57","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&p=4530"},"modified":"2020-10-14T12:42:23","modified_gmt":"2020-10-14T16:42:23","slug":"accrued-interest","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/accrued-interest","title":{"rendered":"Accrued Interest"},"content":{"rendered":"

Accrued interest is the interest accumulated on a loan that has yet to be paid by the borrower. In real estate, accrued interest refers to the amount of mortgage interest that has been earned but not yet paid. That’s because mortgages are paid in arrears, which means that the interest due on the balance accrues before a payment is made. Each payment covers the accrued interest first, and anything left is applied toward the principal balance.<\/p>\n

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