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Origination fee

• Is the cost for initiating a mortgage. Some use the term more broadly. Here, it would refer to the process of considering a mortgage application.

 
 Embedded terms in definition
 Mortgage
 
 Related Terms
 Back fee
Commitment fee
Front fee
Management fee
Origination
Redemption fee
Split fee option
Standby fee
Take up fee
Underwriting fee

<< Origination Oss >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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