Flavia Westerwelle Real Estate Glossary O

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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

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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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Flavia & Klaus Westerwelle
Real Estate Consulting
Agent Referral Center
155 Augusta National Ct
Kiawah Island, South Carolina 29455
U.S.A.

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