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Real Estate Glossary
For your convenience, we've compiled a list of words and phrases to help you understand Real Estate better.
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In the mortgage industry, this term is usually used in only in reference to government loans, meaning FHA and VA loans.
refer to any "points" paid in addition to the one percent loan origination fee. A "point" is one percent of the loan amount.
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On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called "
." One point equals one percent of the loan amount. On a conventional loan, the loan origination fee refers to the total number of points a borrower pays.
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