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 mortgage calculators > Mortgage Dictionary for words that start with letter O
Mortgage Dictionary for words that start with letter O
Search Results:
Obsolescence - Impairment of desirability and usefulness brought about by changes in the art, design or process or from external influencing circumstances that make a property less desirable and valuable for a continuity or use.
Offer - A promise by one party to do a specified deed as the other party in turn performs a specific deed.
Office of Comptroller Currency - A federal government regulatory agency that oversees some commercial banks.
Office of Thrift Supervision - A federal government regulatory agency that oversees savings and loans.
Open End Mortgage - A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions.
Open Listing - An authorization given by a property owner to a real estate Broker wherein said Broker is given the nonexclusive right to secure a purchaser; open listings may be given to any number of Brokers without liability to compensate any except the one who first secures a buyer ready, willing and able to meet the terms of the listing, or secures the acceptance by the seller of a satisfactory offer.
Origination Fee - A fee or charge for work involved in the evaluation, preparation and submission of a proposed mortgage loan.
origination fee - A fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. Usually a percentage of the amount loaned, such as one percent.
owner financing - A property purchase transaction in which the property seller provides all or part of the financing.
Owner of Record - The individual (s) named on a deed that has been recorded at the local municipality.
Owners Policy - Title insurance for the owner of property, rather than a lien holder.
Ownership - The right to possess and use property to the exclusion of others.
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Search for any term related to mortgage calculators. Useful for students who are learning mortgage
and families who wants to acquire mortage. Just enter any mortgage term and click the
search button. You may see all the mortgage terms which starts with a specific letter.
Choose from drop down list and click search button to see results. If you enter
a mortgage term and choose a letter, it tries to find the term that starts with a letter
and contains the mortgage term.
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New And Improved Mortgage Dictionary
The search engine of our mortgage dictionary got an extreme makeover. We saw the need
as it fails to pick up the most accurate and relevant result. Now, the search results
show the most accurate and relevant terms for any search terms. We are also contemplating
to add more terms soon.
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Most Popular Searches In Our Mortgage Dictionary
Mortgagor and Mortgagee -
Mortgagor is also called the borrower or owner, while Mortgagee is also called the lender.
Face Value -
The borrower promises to the pay the original principal amount which is the face value of the mortgage.
First mortgage and Second mortgage -
The first mortgage refers to the current mortgage, while the second mortgage refers to the additional mortgage.
Fair Market Value -
It is the median price between the highest price acceptable to buyer and lowest price acceptable to seller.
Market Value -
It is the most likely price at which the property would sell.
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