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original principal balance
discount hotels in Venice 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. Usually computed as a percentage of the mortgage. For example, a mortgage of $100,000 with a 1 point origination fee is equal to $1,000 (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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