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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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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... 

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Larry Sanders RE/MAX Platinum 735 E. Main Tomball, TX 77375 Office: 281-351-8886 Mobile: 281-850-8750 Toll-free: 1-888-751-8886 Fax: 888-213-8104 Email: LarrySanders@TXPlatinumProperties.com
There is no place like “HOME”, and Texas has been home to me for 52 years.
I am an Owner/Agent for ReMax Platinum, in Tomball, and I truly believe if you are successful in your community, you must give something back.
Texas Youth has always been where my heart is.
For years I served as a chairman for the Jr. Quarter Horse Show at the Houston Livestock Show and Rodeo. This Organization awards thousands of scholarships to deserving Students to further their education.
Then I found the Children’s Miracle Network. This organization, Connected with Texas Children’s Hospital, aides seriously ill children. In the past I have served on a Panel with the 2001 Miss America, Katie Harmon, and still today I host fundraisers for this life giving organization.
In addition, I am a member of the Cade-Rothwell Masonic Lodge and the Knights Templar these organizations contribute to numerous beneficial programs.
I will use my strong sense of community, my knowledge and experience, to serve you, as you search for your “HOME”.    


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