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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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Connie Jo Boyte
Coastal Development and Realty
131 Ocean Blvd. West
Holden Beach, NC. 28462
1-800-262-7820
910-842-4939
Fax: 910-842-9240
Email: connieboyte@NUMBER1EXPERT.com
From 1986 to the present I have worked on the island of Holden Beach, NC in the real estate market. I have a lot of enthusiasm for my business and have made some wonderful friends over the years. Second home investment is my speciality. Over the years many of my clients have bought, sold and bought on the island, again, enjoying the thrill of making money on their investment and at the same time having "their place at the beach". Won't you let me help you?   
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