A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Q
- Qualifying Ratios
Calculations used to determine if a borrower can qualify for a mortgage. They consist of
two separate calculations: a housing expense as a percent of income ratio and total debt
obligations as a percent of income ratio.
- Quitclaim
deed
A deed which transfers whatever interest the maker of the deed may have in the particular
parcel of land. A quitclaim deed is often given to clear the title when the grantor's
interest in a property is questionable. By accepting such a deed the buyer assumes all the
risks. Such a deed makes no warranties as to the title, but simply transfers to the buyer
whatever interest the grantor has. See Deed.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
|
