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Real Estate Glossary Q
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.
Keller Williams Arizona Realty 9500 E. Ironwood Square Drive, Suite 101 Scottsdale, Arizona 85258 Phone: 480-595-6410 or 877-553-2539 Email: office@votsr.com
The materials contained within this page may not be reproduced without the express written consent of KELLER WILLIAMS ARIZONA REALTY - THE VALLEY OF THE SUN TEAM. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.
The materials contained within this page may not be reproduced without the express written consent of KELLER WILLIAMS ARIZONA REALTY - THE VALLEY OF THE SUN TEAM. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.