Understand the most important lending and mortgage terms. Mortgages can be confusing for the first time home buyer, so let us help explain. Below you'll find explanations for most of the mortgage industry terms.

What is Office of Comptroller Currency? The federal financial regulatory body that oversees the nation's federally chartered banks and savings…
Written by Henry Gilbert
What is 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…
Written by Henry Gilbert
What is Owner Financing? A property purchase transaction in which the party selling the property provides all or part of the…
Written by Henry Gilbert


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