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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

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Pat Decillis Keller Williams Properties 1625 North Commerce Parkway Suite 105 Weston, FL 33326 Direct: 954-306-4427 Office: 954-306-4431 Fax: 954-306-4424 Email: pat@patdecillis.com Pat brings over 28 years of real estate experience to the team. Starting her career in Broward County, Pat has helped build our Community. Raising two children, Dean and Dianne, Pat has been active in local schools, sports clubs and community leadership programs. Pat has been a licensed real estate agent since 1980 and a licensed broker since 1988. Pat has consistently been an office leader, winning numerous awards and staying in the top 1% of all realtors in the U.S. She has also achieved the prestigious RE/MAX 100% Club, Platinum Club and Hall of Fame Memberships. Her biggest asset is her strong negotiating skills, which has enabled her to get the highest price and best terms for her clients. www.PatDecillis.com is brought to you by Pat Decillis NUMBER1EXPERT™ in real estate for Weston, Pembroke Pines and Fort Lauderdale, Florida Read Pat Decillis' Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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