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qualifying ratios
|
Calculations that are used in determining whether 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. |
quiet title
|
To free the title to a piece of land from the claims of other
persons by means of a court action called a "quiet title" action.
The court decree obtained is a "quiet title" decree. |
quitclaim deed
|
A deed that transfers without warranty whatever interest or
title a grantor may have at the time the conveyance is made. |
