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Mortgage Glossary


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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.)