NET INCOME >> The difference between adjusted gross income and operating expenses. May or may not include depreciation.

NET RENTAL INCOME >> The monthly gross rental income minus the monthly mortgage payments, insurance, maintenance, taxes and other miscellaneous payments.

NET WORTH >> The difference between total assets and total liabilities of an individual, corporation, etc.

NON-CONFORMING USE >> A property that doesn?t conform to the present zoning of the area it?s in.

NON-OWNER OCCUPIED >> A property used as a residence by a renter/tenant instead of the owner of the property.

NON-RECURRING CLOSING COSTS >> Fees and costs associated with the closing of a loan, such as title, appraisal, notary fees, etc., that occur only once in the transaction and don?t recur.

NOTARY PUBLIC >> One who is authorized by the state or Federal government to administer oaths and to attest to the authenticity of signatures.