A glossary of real estate and mortgage terms for home buyers and sellers
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| Term | Definition |
|---|---|
| Loan Origination Fee |
The loan origination fee covers the administrative costs of processing the loan. It is often expressed in points. One point is 1 percent of the mortgage amount. For example, a $100,000 mortgage with a loan origination fee of 1 point would mean you pay $1,000. |
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