Featured Listings:

 

WashMetroHomes Real Estate Listings

GLOSSARY OF TERMS

Buying and selling a home can be confusing. Many of the terms used during the transaction may be new or unfamiliar to you. In light of this, WashMetroHomes.com is providing you with this brief glossary of these terms. Each real estate transaction is unique and the terms are all different. If you are unclear about any specific area or meaning in a real estate contract, see the help of a real estate professional such as a Realtor, Mortgage Specialist, or a competent and qualified attorney.

Click on the letter which corresponds to the term you are seeking to go to the page.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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.

 

Featured Listings:

 


Copyright 2006 - 2010 WashMetroHomes.com Real Estate. All Rights Reserved.
Jennifer V-E Johnson, Reston Expert and Licensed VA Real Estate Broker, Reston, VA - Fairfax County
Firm License #0226 021519 and Individual License #0225 083246
Use of this website and information available from it is subject to our Legal Notice and Disclaimer
Equal Housing Opportunity  Why Use A Realtor