Real Estate Glossary
Welcome to our Real Estate Glossary. Here you will find many real estate terms having to do with buying or selling houses, loans and other terms having to do with real estate. We hope you find our Real Estate Glossary helpful. If we have overlooked terms, please feel free to add them to our Real Estate glossary.
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 qualifying ratios
Calculations that are used in determining whether a borrower can qualify for a mortgage. There are two ratios. The "top" or "front" ratio is a calculation of the borrower's monthly housing costs (principle, taxes, insurance, mortgage insurance, homeowner’s association fees) as a percentage of monthly income. The "back" or "bottom" ratio includes housing costs as will as all other monthly debt.
quitclaim deed
A deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made.
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