PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
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
Official exam outline plus authoritative Georgia or federal references where the topic has a controlling rule. Independent educational resource, not affiliated with GREC or PSI.
Continue from definition to exam-ready recall.
1,300+ Georgia and national questions, detailed explanations, spaced review, readiness tracking, Math Coach, and offline study. $59.99 once with no subscription.
passgeorgiarealestate.com/download
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.
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.
A buyer pays $400,000 for a home with an 80 percent loan. The lender charges a 1-point origination fee and 1.5 discount points to lower the rate. What is the origination fee?
- A
$4,000
- B
$8,000
- C
$3,200
- D
$4,800
A point is 1 percent of the loan amount, not the price. The loan is $320,000, so the 1-point origination fee is $3,200. The 1.5 discount points ($4,800) are prepaid interest for a lower rate, a separate charge, and figuring the fee on the price gives the wrong $4,000.
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/