Occupancy
The use of a property as a full-time residence, either by the title holder (owner-occupancy) or by another party through a formal agreement (rental).

Open End Mortgage
A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions.

Origination Fee
An amount which may be charged for services performed by the company handling the initial application and processing of a mortgage loan.

Owner of Record
The individual named on a deed that has been recorded at the county recorders office.