Qualifying rations

Two separate calculations that are used to determine whether a borrower will qualify for a mortgage loan. The two calculations are a housing expense to income ratio and total debt obligations as a percent of income ratio.

Quiet Title

to remove record defects or possible claims of other parties named in the action carried out in a court of law.

Quitclaim deed

A deed that transfers interest or title the grantor may have at the time of conveyance. This transfer voids any warranty on the interest or title.