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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
(207) 998-4516 ext 204
(207) 754-5395(Jewl) Cell
(207) 345-3474 Home Office
julie@juliesre.com
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Maine Custom Design 02/07/07
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