|
|
Mortgage
Terms
Q
Qualifying Ratios
Guidelines applied by lenders to determine how large a loan to grant a
homebuyer.
Quitclaim Deed
A deed, which transfers whatever interest, the maker of the deed may have
in the particular parcel of land. A quitclaim deed is often given to clear
the title when the grantor's interest in a property is questionable. By
accepting such a deed the buyer assumes all the risks. Such a deed makes
no warranties as to the title, but simply transfers to the buyer whatever
interest the grantor has. (See Deed)
|
