| Term | Definition |
|---|---|
| Loan Origination Fee |
The loan origination fee covers the administrative costs of processing the loan. It is often expressed in points. One point is 1 percent of the mortgage amount. For example, a $100,000 mortgage with a loan origination fee of 1 point would mean you pay $1,000. |

First Home in Rio Rancho
"Purchasing our first home was a daunting proposition to say the least. The team at the Maez Group made it all work, going beyond all expectations."
~ K. Altherr Rio Rancho, New Mexico
