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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!QUESTIONS and answer database can help you get started.
VIEW
TERMS and
definitions database. VIEW
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REAL ESTATE TERMS DATABASE
Click on any letter to view terms, and definitions.
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O
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.
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