Glossary of Terms
- Net home price
- Selling price of your home after subtracting any sales commissions.
- Net house payment
- Your house payment minus the value of the tax deduction and principal payment.
- Notice of results
- If you have requested an investigation of information on your Credit Report you're entitled to receive a Notice of Results if your information was updated or deleted. You may request that the credit bureau send the corrected information in your credit history to credit grantors and employers who reviewed your information within a specific period of time. If your investigation does not result in a change to your credit history the results will not be sent.
- Number of points paid
- The total number of points (prepaid interest) used to reduce the interest rate of your mortgage. Each point equals 1% of your mortgage balance.
