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Real Estate 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 -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. Copyright © 2005-2007 Flavia Westerwelle / All Rights Reserved |
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