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Real Estate Glossary

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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.
P.O. Box 478, Junction M-68 & M-33, Onaway, 49765                 Phone: (989) 733-6522      Fax: (989) 733-2427
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