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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 |
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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 |
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Net worth |
The total value of all of an individual's
assets, minus all liabilities or debts |
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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) |
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Notary |
An individual authorized by law to certify
documents and signatures |
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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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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...
| Q |
Where is the world's largest dome?
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| A |
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana. |
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Delilah & Co.
Keller Williams Lake Travis
1921 Lohmans Crossing
Suite 100
Phone: (512)402-1330
Cell: (512)415-5364
Fax: (512)410-3538
Delilah: Delilah@WestAustinHomes.com
Delilah & Co.(WestAustinHomes.com) brings more to the table than anyone else when it comes to your real estate needs.
Whether you are buying, selling, or renting a property, Delilah & Co. (WestAustinHomes.com), the top producing team at Keller Williams Lake Travis office, utilizes the latest information technologies, market research, and business strategies to exceed all of your expectations.
Over the past years, Delilah & Co. (WestAustinHomes.com) has become one of Austin's most respected Real Estate teams. Our team ranks among the top producing teams in Austin and has received many local awards as well as been recognized several times in the Austin Business Journal.
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