A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Personal LoanA lump-sum loan, usually unsecured, repaid in fixed installments and used for anything from debt consolidation to big purchases.
- MortgageA loan used to buy a home, where the property itself acts as collateral the lender can take if you stop paying.
- Finance ChargeThe total cost of borrowing on an account for a period, including interest and any applicable fees.
- PrincipalThe original amount of money you borrow, separate from the interest and fees that get added on top of it.
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Knowing what Origination Fee means is knowledge — the first half. A brick gets placed when you act on it.
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Plain-English education — not personalized legal, tax, or investment advice.