Tulsa real estate, Jenks, Broken Arrow, Owasso, Sapulpa and Bixby real estate and homes for sale in Oklahoma - The Briggs Team, REALTORS® The Briggs Team REALTORS(r) for Tulsa real estate, Jenks, Broken Arrow, Owasso, Sapulpa and Bixby, Oklahoma real estate - NUMBER1EXPERTS™ The Briggs Team NUMBER1EXPERTS(tm) for Tulsa OK homes, Jenks, Broken Arrow, Owasso, Sapulpa and Bixby, Oklahoma real estate
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Real Estate Dictionary: Tulsa, Jenks, Broken Arrow, Owasso, Sapulpa and Bixby Oklahoma home buying, real estate listings, and homes for sale in Tulsa                          County, OK
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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The Briggs Team, REALTORŪ, real estate agents and broker for Tulsa, Jenks, Broken Arrow, Owasso, Sapulpa and Bixby Oklahoma home listings, property and land for sale - NUMBER1EXPERT(tm)

Jan Briggs
McGraw Davission Stewart

10131 S. Yale
Tulsa, OK 74137
Phone: 918-299-5444
Fax: 918-298-2444
Email: info@TheBriggsTeam.com

Jan Briggs of The Briggs Team with McGraw Davisson Stewart. Dedicated to the principles of honesty, integrity, professionalism and service. We want to be your Tulsa Realtors 4 Life!





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