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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. |
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| 300 Hecla St - Laurium, MI 49913 - (906) 337-4444 |
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