Origination Points

The expenses, over and above the price of the property that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fees, ...

The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.

An interest rate used as the reference point for which a mortgage lender will neither pay a rebate (yield spread premium or negative points) or require discount points for a mortgage. ...

A type of prepaid interest mortgage borrowers can purchase that lowers the amount of interest they will have to pay on subsequent payments. Each discount point generally costs 1% of the ...

A potential mortgage borrower who submits two mortgage applications (here, "apper" is slang for application) simultaneously with different lenders, who are typically mortgage brokers, ...

Representatives of banks, credit unions and other financial institutions that find and assist borrowers in acquiring loans. Some specialized loan officers, called loan underwriters, ...

An estimate of the fees due at closing for a mortgage loan that must be provided by a lender to a borrower within three days of the lender taking a borrower's loan application. A good ...

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Go beyond interest and find out how mortgage points affect your taxable income.

Learn the factors to consider when comparing the different programs offered by various lenders.