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Mortgage door open: Opportunity knocks for some - Honolulu Star-BulletinMortgage rates these days are going up and down as the Bush administration's proposed $700 billion bailout plan to shore up troubled financial institutions and markets lumbers through Congress. While rate decreases have accelerated over the past two ...
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Today's Mortgage Terms starting with O
Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
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