PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Loan origination fee
A loan origination fee is a charge for the lender's work in making, processing, or underwriting a loan.
Financing
Mortgage finance
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Loan origination fee mean?
A loan origination fee is a charge for the lender's work in making, processing, or underwriting a loan. When quoted as points, one point equals 1 percent of the loan amount.
How do you separate the nearest exam answer?
An origination fee compensates the lender for origination services. Discount points are prepaid interest commonly exchanged for a lower rate.
What changes or stays the same in Georgia?
The national formula applies in Georgia. Both fees may appear on federal loan disclosures, and both are calculated from the loan when stated as points.
A 1.25-point origination fee on a $320,000 loan is $320,000 × 0.0125 = $4,000.
Do not use the sales price or assume every point shown is a discount point.
Memory cue: Do not use the sales price or assume every point shown is a discount point.PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
Which statement correctly explains Loan origination fee?
- A
A discount point is prepaid interest paid to a lender at closing, commonly to reduce the loan's interest rate.
- B
A loan origination fee is a charge for the lender's work in making, processing, or underwriting a loan.
- C
Loan-to-value ratio, or LTV, expresses the loan amount as a percentage of the lender's value base.
- D
TILA is the federal consumer-credit law requiring standardized disclosure of credit costs and terms, including finance charges and annual percentage rate, and governing specified advertising and rescission rights through Regulation Z.
Loan origination fee is correct. A loan origination fee is a charge for the lender's work in making, processing, or underwriting a loan. When quoted as points, one point equals 1 percent of the loan amount. An origination fee compensates the lender for origination services. Discount points are prepaid interest commonly exchanged for a lower rate. The national formula applies in Georgia. Both fees may appear on federal loan disclosures, and both are calculated from the loan when stated as points.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Financing complete lesson
https://www.passgeorgiarealestate.com/math/discount-points
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672Official implementing regulation for TILA and integrated mortgage disclosures.
https://www.consumerfinance.gov/rules-policy/regulations/1026/