Original Principal Balance The total amount of principal owed on a mortgage before any payments are made.  Owner Financing A property purchase transaction in which the property seller provides all or part of the financing.  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.  Back to Index >>
	This site presented by:  Briton Mortgage | janine@britonmortgage.com © 2008  ~  ProfitBuilder Web Marketing Strategies