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. Top of Page