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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 |
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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 |
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Net worth |
The total value of all of an individual's
assets, minus all liabilities or debts |
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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) |
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Notary |
An individual authorized by law to certify
documents and signatures |
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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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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
Which U.S. hotel has more fountains than any other hotel in the world?
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| A |
The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
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 See More Real Estate Trivia > |
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Bonnie Mullinax and The Mullinax Team
Keller Williams Realty Northwest
103 Mockingbird Drive, Suite A
Cartersville, GA. 30120
Phone: 770-606-0054
Fax: 678-605-8041
Email: info@mullinaxteam.com
Bonnie started out in 1988 as a stand-alone Real Estate Agent. She observed trends, needs and combined empathy for her clients needs with her tough negotiating skills. Because she understood and still understands the emotional rollercoaster ride home selling and purchasing can be, she fought for the best deal possible for her buyers and sellers. Bonnie quickly gained a reputation for being honest, hardworking and successful with her clients, and her business grew.
In 1998, she added a Client Care Coordinator, and soon after buyer agents and other people in administrative roles around her, and thus The Mullinax Team was born!
Today, Bonnie and her husband, Wes, run the Mullinax Team. She lists homes and negotiates short sales, mentors team members, provides training opportunities, oversees the marketing, speaks nationally at various Real Estate events and coaches Real Estate agents. She has brought her team to the top, producing volume and sales consistently to date.     
www.mullinaxteam.com
is brought to you by Bonnie Mullinax and The Mullinax Team, real estate for
Cartersville, Acworth and Adairsville, Georgia
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