Bel-Cross : Glossary : O

Glossary - O

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Ordinances: The rules regulations, and codes enacted into law by local governing bodies.

Origination fee: A fee paid to a lender for processing a loan application. The origination fee is stated in the form of points. One point is 1 percent of the mortgage amount.

Owner financing: A property purchase transaction in which the property seller provides all or part of the financing.

Bel-Cross Properties is a member of the National Association of REALTORS® and subscribes to the Equal Housing Opportunity. REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.

For real estate related questions, contact Bel-Cross Properties. About this website. Site designed by Literati Information Technology.