Glossary4 - A - B - C - D - E - F - G - H - I - J - L - M - N - O - P - Q - R - S - T - U - V - W -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. |