O
  B   C   D   E   F   G   H   I     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.