Print this page

Glossary of Mortgage and Home Equity Terms

To navigate through our glossary, click on the first letter of the word you’re looking for.
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q | R | S | T | U-Z
Occupancy
The use of a property as a full-time residence, either by the titleholder (owner-occupied) or by another party through a formal agreement (rental).
Origination
The act of securing a completed mortgage application from a commercial or residential borrower and seeing that loan through to loan closing.
Origination Charge
One amount that includes all charges (other than discount points) that all loan originators (lenders and brokers) involved in the transaction will receive for originating the loan. This includes any application, processing, underwriting fees, and payments from the lender to the broker for origination.
Back to Top
For your mortgage needs:
1-877-937-9357
For your home equity needs:
1-888-667-1772

 
Equal Housing Lender