Click on any letter to view terms, and definitions. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 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. |