Original Face Value
Barron's Real Estate Dictionary:
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Original Face Value
The principal amount owed on a mortgage on the day it closes.
Example: When the Browns took out the mortgage to buy their home, it was for the amount of $125,000. Today, 5 years later, they owe less than $100,000, but the original face value of the loan is $125,000.
Example: When the Browns took out the mortgage to buy their home, it was for the amount of $125,000. Today, 5 years later, they owe less than $100,000, but the original face value of the loan is $125,000.
| Original Equity, Original Cost | |
| Originate, Origination Fees |
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Original Face Value
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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