Glossary

Glossary

Q

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.