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Confused in the Home Loan jargon? Our glossary
will help you in understanding the basic loan related terms.
Browse through the glossary or serach for a term through the
menu to resolve any doubts.
Glossary of Home insurance
terms
O
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.
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