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620 NewPort Center Drive, Suite 1100
NewPort Beach, CA 92660
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Loan Glossary O- Open End Mortgage
- A mortgage permitting the mortgagor to borrow
additional money under the same mortgage, with certain conditions,
usually as to the assets of the mortgage.
- 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, making a home loan, and recording a mortgage against the
borrower's real property as security for repayment of the loan. The origination
fee is stated in the form of points. One point is 1% of the mortgage amount
(e.g., 1,000 on a $100,000 loan).
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Today's Rate |
4.625%
Fixed Rate |
| * 4.881% APR. The displayed annual percentage rates (APRs) include total Points and additional prepaid finance charges but do not include other Closing Costs. On adjustable-rate loans, rates are subject to increase over the life of the Loan. |
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Loan Glossary 
