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Back-end qualification
Back-end qualification When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
RELATED TERMS--------------------------------------
Debt
An amount owed to another.
Consideration
Anything of value given to induce someone into entering into a contract.
SIMILAR TERMS--------------------------------------
Back fill
Soil used to solidify the foundation of a structure.
Back title letter
A document that a title insurance company gives to an attorney specifying condition of the title.
Back-end ratio
The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.
Back-to-back escrow
A closing that is set up so that one party can finalize the purchase of one property and the sale of another at the same time.
Backlighting
Illumination coming from a source behind or at the side of an object.
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
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Buzau property
Property in Buzau, Romania. Apartments, flats, houses, offices and other property in Buzau.
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Back fill
Soil used to solidify the foundation of a structure.
Back title letter
A document that a title insurance company gives to an attorney specifying condition of the title.
Back-end qualification
Back-end ratio
The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.
Backlighting
Illumination coming from a source behind or at the side of an object.
Back-to-back escrow
A closing that is set up so that one party can finalize the purchase of one property and the sale of another at the same time.
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
This dictionary contains 6433 terms. |
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