The Real Estate Terms & Real Estate Definitions
Real Estate Glossary

Real Estate Terms and Real Estate DefinitionsThis list of Real Estate Terms was compiled into a Real Estate Glossary for informational purposes only to assist our Buyers and Sellers. The Real Estate Terms and Real Estate Definitions are not an exhaustive Real Estate Glossary. Please consult your Home Marketsite Pennsylvania REALTOR or attorney for further advice.

Real Estate Terms & Real Estate Definitions The Real Estate Terms & Real Estate Definitions
Real Estate Glossary

Q

Qualification Ratios
Ratios applied by lenders to determine the mortgage amount a borrower qualifies for.

The housing expense-to-income ratio is the PITI from the proposed mortgage loan divided by the total gross income. The total obligations-to-income ratio is the PITI plus all other monthly recurring payments divided by total gross income.

Quit-Claim Deed
A deed which, when granted, relinquishes all interest, title or claim to a property without representing the validity of or making any warranties with regard to the title to the property.

The Real Estate Terms & Real Estate Definitions
Real Estate Glossary by:

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