Real Estate and Mortgage Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

QUADRAPLEX   
Any building designed to accommodate four families.

QUALIFYING RATIOS  
Two ratios used in determining credit worthiness for a mortgage loan. One is the ratio of a borrower's monthly housing costs to monthly income. The other is a ratio of all monthly debt to monthly income.

QUITCLAIM DEED  
A legal document which transfers any ownership an individual has in a piece of property. Often used when the amount of ownership is not known or is unclear.