The Wendling Team - Austin Real Estate

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Lori Steinbarger
All City Real Estate
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WELCOME to this month's real estate update. In this issue you'll find helpful tips for the home owner. Whether you're ready to buy, sell, or just need a few tips for around the house, it's all here.

Be sure to visit each month to see new articles, and updates!
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REAL ESTATE TERMS DATABASE

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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.