Glossary of Terms
Credit Glossary
It's hard enough trying to stay on top of your credit let alone learn the industry lingo. We've compiled a glossary of industry terms to help you stay ahead of the curve when dealing with your credit, auto loans, home loans, debt, and savings.
- Qualifying ratios
- Calculations used to determine if a borrower can qualify for a mortgage. Consists of two separate calculations: housing expense as a percent of income, and total debt obligations as a percent of income.
