Original Principal Balance
The total amount of money owed on a mortgage before any payments are made.

Origination Fee
On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called "discount points." One point equals one percent of the loan amount. On a conventional loan, the loan origination fee refers to the total number of points a borrower pays.

Owner Financing
Where the property seller provides all or part of the financing to the buyer. Also known in the industry as Creative Financing.