Get definitions on the mortgage terms that may come up throughout your loan process, as well as any specific mortgage terms that may be unfamiliar to you. CLS FInancial wants to ensure that you have a complete understanding of the transaction.
Our mortgage glossary will help you to speak to mortgage professionals with confidence.
Glossary
There are currently 2 names in this directory beginning with the letter O.
Open-end MortgageA mortgage allowing the borrower to receive advances of principal from the lender during the life of the loan. See also
Origination FeeWhen applying for a mortgage loan, borrowers are often required to pay an origination fee to the lender. This fee may include an application fee, appraisal fee, fees for all the follow-up work and other costs associated with the loan.
