Glossary of Terms - N

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Negative Amortization: Occurs when monthly payments fail to cover the interest cost. The interest not covered is added to the unpaid principal balance so that even after several payments, you could owe more than you did at the beginning of the loan.

Net worth: The value of all of a person's assets, including cash, minus all liabilities.





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Mark Tidwell 678.617.7167
Linc Realty of Atlanta 678.394.3200

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