Debt Consolidation Glossary of Terms

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Glossary - Q

qualifying ratios
The ratio of your fixed monthly expenses to your gross monthly income, used to determine how much you can afford to borrow. The fixed monthly expenses would include PITI along with other obligations such as student loans, car loans, or credit card payments.

Quit claim deed
The formal document by which a claim in property is denied. Often used to clear a cloud on title.