Real Estate Dictionary (Section O)

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

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.

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

Home  | About Terri  | My Listings  | My Sold Listings  | Why Choose Terri  | Testimonials  | My Home Value  | For Sale By Owner  | Simple Loan Calculator
Advanced Loan Calculator  | How much can I afford  | Real Estate Dictionary  | Contact Terri
Texas Real Estate Commission Information About Brokerage Services  | Texas Real Estate Commission Consumer Notice

2011 © Terri Kurkjian, all rights reserved | Email: tkurkjian@comcast.net | Address: 4500 Hwy 6, Sugar Land, TX 77478

Direct: (281) 980-6849 •  Mobile: (713) 582-7911 •  Fax: (281) 980-6149

Design and software development by SOURCE Web Solutions, Inc.Houston Web Software Developer