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620 NewPort Center Drive, Suite 1100
NewPort Beach, CA 92660
Toll Free: 888-801-3000
Fax: 949-313-1292
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Loan Glossary Q- Qualification
- The
process of determining whether a customer has enough cash and sufficient income
to meet the qualification requirements set by the lender on a requested loan.
It is sometimes referred to as "pre-qualification" because it is
subject to verification of the information provided by the applicant.
- 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 as a percent of income ratio and total debt obligations as a
percent of income ratio.
- Quitclaim Deed
A deed that transfers, without
warranty of ownership, whatever interest or title a grantor may have at the
time the conveyance is made.
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Today's Rate |
4.625%
Fixed Rate |
| * 4.881% APR. The displayed annual percentage rates (APRs) include total Points and additional prepaid finance charges but do not include other Closing Costs. On adjustable-rate loans, rates are subject to increase over the life of the Loan. |
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Loan Glossary 
