Real Estate Glossary

4 A B C D E F G H I J L M N O P Q R S T U V W
There are 3 names in this directory beginning with the letter O.
original principal balance
The total amount of principal owed on a mortgage before any payments are made.

origination fee
A fee paid to a lender for processing a loan application. The origination fee is stated in the form of points. One point is 1 percent of the mortgage amount.

owner financing
A property purchase transaction in which the property seller provides all or part of the financing.
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