Real Estate terms starting with Q

7 terms

1. qualification As determined by a lender, the ability of the borrower to repay a mortgage loan based on the borrower's credit history, employment status, assets, debts…
2. Qualifying Guidelines Criteria used to determine eligibility for a loan.
3. Qualifying Ratios Calculations that are used in determining the loan amount that a borrower qualifies for, typically a comparison of the borrower's total monthly income to…
4. Quality Control A system of safeguards to ensure that loans are originated, underwritten and serviced according to the lender's standards and, if applicable, the…
5. Quality Edits The data in question do not agree with an expected standard (value). Review for correctness and change only if erroneous data has been reported.
6. Quitclaim Deed A deed transferring ownership of a property but does not make any guarantee of clear title.
7. Quoin A structural form, usually of masonry, used at the corners of a building for the purpose of reinforcement, frequently imitated for decorative purposes.