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Real Estate Glossary
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- Offer - Indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
- Origination - The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
- Origination Fee - The charge for originating a loan; is usually calculated in the form of points and paid at closing.
- Owner Financing - A property purchase transaction in which the property seller provides all or part of the financing.
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Equal Housing Opportunity. Advanced Real Estate Services is licensed in the state of OR. All information provided is deemed reliable but is not guaranteed and should be independently verified. 