Mortgage Glossary 'O'

Offer to Origination Fee
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Offer to Origination Fee – Glossary of Mortgage Terms

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A B C D E F G H I J L M O P R S T U V
  • Offer: indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
  • Origination: the process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
  • Origination fee: the charge for originating a loan; is usually calculated in the form of points and paid at closing.

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