Mortgage Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

• original principal balance
• origination fee
• owner financing

original principal balance

The total amount of principal owed on a mortgage before any payments are made.

back to top

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.

back to top

owner financing

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

back to top