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| Mortgage Glossary |
This glossary is an extensive listing of real estate and mortgage terms that you can use as needed when doing business with Lexington Lending. To get started, click on the appropriate letter above for a listing of all the terms that begin with that letter. Then, locate the word you are looking for.
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Original Principal Balance
The total amount of principal owed on a mortgage before any payments are made.
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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.
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Owner Financing
A property purchase transaction in which the property seller provides all or part of the financing.
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