Real Estate Terms
Click on a link below for
an alphabetized list of Real Estate and Mortgage Terms.
Original principal balance
The total amount of principal owed on a mortgage before
any payments are made.
On a government loan the loan origination fee is one
percent of the loan amount, but additional points may
be charged which are called "discount points."
One point equals one percent of the loan amount. On
a conventional loan, the loan origination fee refers
to the total number of points a borrower pays.
A property purchase transaction in which the property
seller provides all or part of the financing.