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214.215.8283
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Real Estate Dictionary

   

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QUALIFYINGThe process of determining whether a buyer is financially able to assume a mortgage by checking credit history, present and previous employment, and any other sources which may help to determine the buyer's financial capability.
QUALIFYING RATIOSGuidelines applied by lenders to determine how much of a loan to grant to the homebuyer. The debt-to-income- ration is your current monthly debt on loans and monthly minimums on your credit cards, divided by your monthly gross income. The housing-to-income.
QUIET TITLEA suit brought to remove a claim or objection on title.
QUIET TITLE ACTIONA suit brought to remove a claim or objection on title.
QUITCLAIM DEEDA deed releasing whatever interest you may hold in a property but making no warranty whatsoever. Compare, Special Warranty Deed and General Warranty Deed.
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