| -- 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. |
