Browsing Mortgage Glossary by Q

"Q" structured borrower and lending term definitions seen while home shopping or observed in this directory.

Qualifying Ratios
Guidelines utilized by lenders to determine how much money a homebuyer is qualified to borrow. Lending guidelines typically include a maximum housing expense to income ratio and a maximum monthly expense to income ratio.
Quitclaim Deed
A deed transferring ownership of a property but does not make any guarantee of clear title.

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