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Dear Valgeet,
We just wanted to take a few minutes to email you a THANK YOU note for the awesome job you did on the refinance of our house.
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GLOSSARY 'Q' |
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1. |
Qualification:
The process which determines whether an applicant can be approved for a mortgage loan.
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Qualifying Ratio:
The ratio of the borrower's fixed monthly expenses to his gross monthly income.
The Front-End Ratio is the percentage of a borrower's gross monthly income (before income taxes) that would cover the cost of PITI (Payment + Interest + Taxes + Insurance).
The Back-End Ratio is the percentage of a borrower's gross monthly income that would cover the cost of PITI plus any other monthly debt payments.
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Quality Control:
Policies and procedures designed to maintain optimal levels of quality, accuracy and efficiency in the production, selling and servicing of mortgage loans.
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4. |
Quitclaim Deed:
A deed relinquishing all interest, title or claim an owner has in a property.
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Equal Housing Lender. Casa Blanca Mortgage, Inc. Some products may not be available in all states.
©2007 Casa Blanca Mortgage. All rights reserved. |
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