The real estate and finance industries often seem to have their own language.
Please use this glossary to clarify any terms that you come across.

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 ratio and total expense ratio.

quitclaim deed
A deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made.