Mortgage Glossary, Loan
Terms and Economic Terms for Interest Only Loans
*To
begin, please click on the first letter
of
the term you are looking for:
*Please view also the Economic
Terms. |
|
Mortgage Glossary - O Terms
Offer: indication by a potential
buyer of a willingness to purchase a home at a specific price; generally
put forth in writing.
Origination: the process
of preparing, submitting, and evaluating a loan application; generally
includes a credit check, verification of employment, and a property
appraisal.
Origination fee: the
charge for originating a loan; is usually calculated in the form
of points and paid at closing.
|
