Open-End Credit - A line of credit that may be used over and over again, including credit cards, overdraft credit accounts, and home equity lines.

Original Principal Balance - The total amount of principal owed on a mortgage before any payments are made.

Origination Fee - A fee commonly charged by a lender for processing a loan application. The origination fee may be presented in the form of points or a dollar amount. Each point is equal to 1 percent of the loan amount (e.g. two points on a $100,000 mortgage would cost $2,000).

Owner Financing - property purchase transaction in which the property seller provides all or part of the financing.