Glossary O   A B C D E F G H I J K L M
N    P Q R S T U V W X Y Z

On-line Status - The ability to obtain status details about the progress of your mortgage request at the website of the lender. This convenience allows you to learn about the status of your request anytime you'd like.

Origination Fee - A fee charged by a lender as a way to cover processing expenses or to increase their profitability for originating a mortgage loan. Most commonly, the origination fee is expressed as a percent of the loan amount. The origination fee is considered to be a lender fee.

Owner Financing - A real property purchase transaction in which the seller provides the financing.

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