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Real Estate Dictionary

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



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Real Estate Trivia
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What kind of home construction is considered to be the safest in seismic areas?

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Straw-bale homes in seismic zones have proven resilient enough to withstand the shock of earthquakes.
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Hildi and Terri Partners, REALTOR®, real estate agent and broker for Chester County and Delaware County, Pennsylvania home listings, property and land for sale

Hildi Baker , CSP, ABR, CRS & Terri Coyle, ABR
Prudential Fox and Roach Realtors

601 E. Baltimore Pike
Media, PA 19063
Hildi Baker's Direct : 610-627-4925
Terri Coyle's Direct: 610-892-5773
Business: 610-566-3000
Fax: 610-566-8664
Email: hildibaker@prufoxroach.com
Email: Terri.Coyle@prufoxroach.com

Hildi Baker is a full-time Realtor with over 25 years experience selling in Delaware County, Chester County and the Main Line. Hildi is a recipient of many Multimillion Dollar Producer Awards as well as multiple Service Awards. She is an accredited Buyer's Representative and has worked with many relocation clients. She has a Bachelors Degree in business and languages and is bilingual in English/German. She came to the US from Europe in 1967. As a US citizen, she has lived in Delaware County for 43 years during which she raised 3 children. For more information on Hildi and her background, please check out the "About Us" tab! Terri Coyle is a lifelong Pennsylvania resident. She grew up in Yardley, Bucks County and is a graduate of Drexel University. Her undergraduate degree in Accounting and MBA in Human Resource Management combined with 17 years experience with a local advertising agency provide the financial, people and marketing skills necessary for the real estate business. Terri has lived and raised children in Delaware and Chester counties for the past 20 years and happily worked in Real Estate for the last five. She is an Accredited Buyer's Respresentative as well as a Relocation Specialist. For more information on Terri, please check out the "About Us" tab. With honesty and integrity Hildi and Terri will employ vast Real Estate knowledge to provide you with excellent customer service in a timely and caring manner that produces exceptional Real Estate results.

REALTOR ABR CRS Equal Housing MLS


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