Q = Real Estate Glossary | Understanding Real Estate Terms

 

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.