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| The Mortgage Dictionary contains a comprehensive list
of mortgage terms used in the mortgage industry. This specialized dictionaries
is made available by the 18,000 REALTOR® members of the Houston Association
of Realtors ®. Please use Term Index section containing an alphabetical
list of words with information about them. |
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| Origination Fee |
| A fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. Usually a percentage of the amount loaned, such as one percent. |
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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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