Glossary of Terms

Following are mortgage and real estate related terms and definitions you may find helpful.

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Currently Viewing 'Q'

Qualifying Ratios: Guidelines applied by lenders to determine how large a loan to grant a homebuyer.

Quitclaim Deed: A deed, which transfers whatever interest, the maker of the deed may have in the particular parcel of land. A quitclaim deed is often given to clear the title when the grantor's interest in a property is questionable. By accepting such a deed the buyer assumes all the risks. Such a deed makes no warranties as to the title, but simply transfers to the buyer whatever interest the grantor has. (See Deed).