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Letter - O  
Original Principal Balance The total amount that you owe on your mortgage when you first obtain it, prior to making any payments on it, is referred to as your original principal balance.
   
Origination Fee The fee you will pay to your lender to cover the costs of processing your loan. The origination fee may be expressed as points. Each point equates to one percent of your loan amount, so if your origination fee were one point and the amount of your mortgage were $150,000, your origination fee would be $1,500.
   
 
 
 
 


Avg. National Rates
30 Yr Fixed 5.78%
15 Yr Fixed 5.39%
1 Yr ARM 4.80%
WSJ Prime 6.50%
Fed Funds 3.50%

 



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