One-point means one percent of your loan amount
Origination Payment: the fresh new charges getting originating financing; is oftentimes calculated when it comes to activities and you will reduced at closing. To the a conventional financing, the mortgage origination fee ‘s the number of factors a debtor pays.
Ownership: possession was documented by the action so you can property. The sort otherwise sorts of ownership is important if you have a modification of the latest status of the customers or if the newest assets alter possession.
PITI: Principal, Desire, Taxation, and you may Insurance rates: the brand new four […]