Offers a Mortgage and Real Estate glossary for real estate and mortgage terms and definitions for home buyers, home sellers, and real estate consumers. Find expanded definitions of important real estate and mortgage home loan terms.
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Definitions and Terms: O
Offer - Indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
Origination - Process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
Origination Fee - The fee imposed by a lender to cover certain processing expenses in connection with making a loan. Usually a percentage of the amount loaned.
Owner Financing - A property purchase that is partly or wholly financed by the seller.
Owner's Title Policy - A policy protecting the buyer for the amount of the purchase price in the event of a future title dispute.
Please select the first letter of the mortgage or real estate term you are looking for and then scroll the listing below to find that word.
Real Estate Glossary
There are hundreds of real estate terms that have specific meanings. This glossary is designed to provide consumers an overview of the most important real-estate and mortgage-related terms and their meaning.
The real estate glossary demystifies real estate jargon, from "11th District Cost of Funds" to "Zoning Variance."