Real Estate Glosssary N

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

Did We Miss the Word YOU Are Looking For?

Is
there a real estate word that we failed to explain here in our
dictionary for homebuyers and sellers? Let us be your personal real
estate dictionary! We’ll send a brief explanation of any word or term
that you encounter when buying and selling property.

Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback.

Do
any of these definitions raise questions for you? Didn’t find the word
you’re looking for? Let us know! We’re happy to answer ANY questions.
It’s our job! There’s no obligation, and we promise to get back to you
quickly…

“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

Louisiana Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Baton Rouge, Prairieville/Gonzales and Denham Springs/Walker

Q	What is considered to be one of the soundest long-term investments?
A	Real estate has a long-term record of strong investment return and is a driving force of the national economy.
See More Real Estate Trivia >

Exit Realty Keystone
Exit Realty Keystone
5721 South Sherwood Forest Blvd.
Baton Rouge, LA 70816
Phone: 225-293-0001
Fax: 225-293-0002
sharlasossamon@NUMBER1EXPERT.com

www.GoExitRealty.com
is brought to you by Exit Realty Keystone

NUMBER1EXPERT in real estate for Baton Rouge, Prairieville/Gonzales and Denham Springs/Walker, Louisiana

Read Exit Realty Keystone’s
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge

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

	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:

Real Estate Glosssary N

Did We Miss the Word YOU Are Looking For?

Do any of these definitions raise questions for you? Didn’t find the word you’re looking for? Let us know! We’re happy to answer ANY questions. It’s our job! There’s no obligation, and we promise to get back to you quickly…

Recent Post

Do
any of these definitions raise questions for you? Didn’t find the word
you’re looking for? Let us know! We’re happy to answer ANY questions.
It’s our job! There’s no obligation, and we promise to get back to you
quickly…