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Real Estate Glossary O
Original Principle Balance The total amount of principal owed on a mortgage before any payments are made.
Origination Fee 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.
Owner Financing A property purchase transaction in which the property seller provides all or part of the financing.
Owner's Title Policy A policy protecting the buyer for the amount of the purchase price in the event of a future title dispute.
Keller Williams Arizona Realty 9500 E. Ironwood Square Drive, Suite 101 Scottsdale, Arizona 85258 Phone: 480-595-6410 or 877-553-2539 Email: office@votsr.com
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The materials contained within this page may not be reproduced without the express written consent of KELLER WILLIAMS ARIZONA REALTY - THE VALLEY OF THE SUN TEAM. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.