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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.
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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Real Estate Glossary Terms courtesy of 2006 RE/MAX International, Inc.