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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Julie Beaulé
Belanger Realty
 Office: 207 998-4516 Ext. 204
Home Office: 207-345-3474
Pager # : 758-9094
julie@juliesre.com

Glossary

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