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NATIONAL ASSOCIATION OF REALTORS®
(NAR) |
A real estate trade organization that sets the
standards for integrity and honesty within the real estate profession
nationwide |
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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 |
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| Q |
What 45,000 sq.ft. home on 5-acres on Lake Washington is described as an 'adventurous house' by its owner?
|
| A |
The home of Microsoft's Bill Gates ($40+ million) has a wall of 24 video monitors featuring art and film and a 60-foot pool. |
 See More Real Estate Trivia > |
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Jodi's Team
Coldwell Banker United Realtors
2513 Quartz
Harker Heights
TX 76548
888-763-0343
254-289-3020
254-200-3849
Fax: 254-526-0375
License#: 438088
soldbyjodi@NUMBER1EXPERT.com
Jodi MacHardy has been serving the Greater Ft. Hood Area as a realtor since 1994 and has consistenly been a multi-million dollar producer for Coldwell Banker United Realtors. She is designated as a Military Relocation Specialist, an Accredited Buyer's Representative, and a Certified Residential Relocation Specialist. In 1997, she was voted #1 Sales Agent with buyer's closed transactions within all three local Coldwell Banker offices.
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