Glossary of Real Estate Terms

There are 125 entries in this glossary.
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Term Definition

Qualify means to meet a mortgage lender's approval requirements.

Qualifying Ratios

This is a kind of calculations. These are used in determining whether a borrower can qualify for a mortgage or not .Qualifying Ratios consist of two separate calculations: one is a housing expense as a percent of income ratio and another is the total debt obligations as a percent of income ratio.

Quiet Title

By means of a court action when someone makes the title free to a piece of land from the claims of other persons, it is called quiet Title. The court decree obtained is a "quiet title" decree.

Quitclaim Deed

This is a deed of conveyance operating as a release; intended to pass any title, interest, or claim which the grantor may have in the property, not professing that such title is valid, nor containing any warranty or covenants for title.

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