Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

N

NATIONAL ASSOCIATION OF REALTORS® (NAR)	A real estate trade organization that sets the standards for integrity and honesty within the real estate profession nationwide
Negative amortization	A gradual increase in the balance of a loan or mortgage which occurs because the monthly payments made are too small to cover the entire principal and interest charges; this shortfall amount is added to the remaining balance, resulting in negative amortization
Net listing	The advertisement of the price of property for sale in terms of the net price the seller will receive, once the property is sold, a type of listing which is illegal in many states
Net worth	The total value of all of an individual's assets, minus all liabilities or debts
No cash-out refinance	A transaction for refinancing a mortgage in which the new mortgage amount is limited to the sum total of the remaining balance of the first mortgage, points, closing costs, whatever is required to satisfy any liens that are more than one year old and other funds for the borrower's use (as long as the amount is one percent or less of the principal amount of the new mortgage)
Notary	An individual authorized by law to certify documents and signatures
Note	A legal document that obligates a borrower to repay a loan or owed sum of money at a stated interest rate over a designated period of time

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Delaware Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Hockessin, Wilmington, Newark and Landenberg, PA

Q  What famous hotel did John Wayne, Lee Marvin & Elvis Presley stay at while filming on Kauai? A  The Coco Palms See More Real Estate Trivia >

John and Mary Luca Prudential Fox and Roach 88 Lantana Drive Hockessin, DE 19707 Main Office: 302-999-9999 Direct Line: 302-999-6966 Fax: 302-397-2440 Email: Homes@TriStateTeam.com As a licensed Realtor in DE, PA & MD, John's clients benefit from his of attention to detail, derived from his background in Accounting and high-end Customer Service. John's ability to "know" the market, his pleasant & honest demeanor, and his ability to provide our clients with the professional service they desire and deserve, are just a few reasons our clients are happy clients. As an added benefit for our clients, John is a Member of the Luxury Home Council, which is an elite membership of top real estate agents throughout the United States. www.TriStateTeam.com is brought to you by John and Mary Luca NUMBER1EXPERT™ in real estate for Hockessin, Wilmington, Newark and Landenberg, PA, Delaware Read John and Mary Luca's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.