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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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Martin Bouma Keller Williams Realty 564 South Main Street Ann Arbor, MI 48104 Office: 734-761-9666 Office: 734-761-3060 Toll Free: 877-761-3060 Fax: 734-761-1824 Email: MartinBouma@NUMBER1EXPERT.com
Martin Bouma has worked hard to become Keller Williams #1 agent in Washtenaw County and #11 in the nation. Because of his superior work ethic, dedication to his clients, and strong team to support him, Martin has developed a tremendous network of clients who appreciate true professionalism. His total commitment to service is second to none.
Along with over 22 years of experience in the real estate community, Martin Bouma offers his clients unique, cutting edge marketing strategies and expertise of the current marketplace. With over $50 million in sales in 2007, Martin and his team helped 210 families move into new homes.
Martin and his team are always available to provide service and guidance to his clients during the transaction and after the sale - whatever their particular real estate needs. When you are ready to buy or sell a home, call Martin Bouma, Washtenaw County's real estate professional.
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