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
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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