qualifying ratio

qualifying ratio
/'kwɒlɪfaɪɪŋ ˌreɪʃiəυ/ noun
a calculation of how much mortgage a borrower can afford, by comparing his monthly incoming against his monthly outgoings

Dictionary of banking and finance. 2015.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • qualifying ratios — USA Data used to decide whether a potential borrower qualifies for a mortgage. Lenders compare a borrower s monthly income to the proposed monthly mortgage expenses to decide whether the borrower is creditworthy. A front or top ratio reflects the …   Law dictionary

  • Qualifying Ratios — A set of ratios that are used by lenders to approve borrowers for a mortgage. The borrower s front end ratio, which is the total housing expense compared to the borrower s gross monthly income, is compared to the borrower s back end ratio, which… …   Investment dictionary

  • Qualification Ratio — Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine a borrower s credit worthiness for certain loan amounts. Generally, a borrower s debt to income ratio, which includes housing expenses plus long… …   Investment dictionary

  • Debt-to-income ratio — A debt to income ratio (often abbreviated DTI) is the percentage of a consumer s monthly gross income that goes toward paying debts. (Speaking precisely, DTIs often cover more than just debts; they can include certain taxes, fees, and insurance… …   Wikipedia

  • Loan-to-value ratio — The loan to value (LTV) ratio expresses the amount of a first mortgage lien as a percentage of the total appraised value of real property. For instance, if a borrower borrows $130,000 to purchase a house worth $150,000, the LTV ratio is… …   Wikipedia

  • No-Ratio Mortgage — A mortgage program in which a borrower s income isn t used or reported in qualifying the borrower for the mortgage under the standard debt to income ratio requirements. The loan is usually made based on the borrower s down payment, credit score… …   Investment dictionary

  • Net capital rule — The uniform net capital rule is a rule created by the U.S. Securities and Exchange Commission ( SEC ) in 1975 to regulate directly the ability of broker dealers to meet their financial obligations to customers and other creditors.[1] Broker… …   Wikipedia

  • European Cup and UEFA Champions League records and statistics — See also: List of European Cup and UEFA Champions League winners and List of European Cup and UEFA Champions League winning players Map of UEFA countries, teams from which have reached the group stage of the UEFA Champions League …   Wikipedia

  • Glossary of motorsport terms — The following is a glossary of terminology used in motorsport, along with explanations of their meanings. Contents: 0–9 A B C D E F G H I J K L M N O P Q R S T U V W …   Wikipedia

  • Yuan Meng — This is a Chinese name; the family name is Yuan. Yuan Meng 袁夢 Country  People s Republic of China Residence Hong Kong, China …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”