A trade organization for real estate agents and brokers who become members by agreeing to abide by the organization's code of ethics. Members may call themselves Realtors. …
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No-Documentation Loan
A loan application that does not require verification of income but typically is granted in cases of large down payments. …
National Council of State Housing Agencies (NCSHA)
Nonprofit clearinghouse of information on local and state housing agencies. Consumers may call for names of agencies in their area. Phone: (202) 624-7710. …
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Non-Conforming Loan
A non-conforming loan is any loan that doesn't meet the qualifications or is too large to be purchased by Fannie Mae or Freddie Mac. The current conforming loan limit is $252,700. …
National Foundation for Consumer Credit
Nonprofit clearinghouse of information on nonprofit credit counseling centers nationwide. Consumers may call for names of centers in their area. Phone: (301) 589-5600. …
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Needs-Based Pricing
An asking price based on factors such as the funds required to pay off the seller's mortgage, the cost of remodeling, or the purchase of another house. …