- Q1-Q6 Quality RatingsProperty condition ratings imposed by the Single Family Uniform Appraisal Dataset (UAD), whereby appraisals must rate the condition of the home(...) Read More
- Qualified MortgageA home loan that meets certain standards set forth by the Consumer Protection Act and the Dodd-Frank Wall Street Reform Act to protect borrowers(...) Read More
- Qualifying GuidelinesCriteria used to determine eligibility for a loan. Read More
- Qualifying MortgageA home loan that meets certain standards set forth by the Consumer Protection Act and the Dodd-Frank Wall Street Reform Act to protect borrowers(...) Read More
- Qualifying RatiosCalculations that are used in determining the loan amount that a borrower qualifies for, typically a comparison of the borrower’s total monthly(...) Read More
- Quality ControlA system of safeguards to ensure that loans are originated, underwritten and serviced according to the lender’s standards and, if applicable,(...) Read More
- Quarry TileA man-made or machine-made clay tile used to finish a floor or wall. Generally 6" X 6" X 1/4" thick . Read More
- Quarter RoundA small trim molding that has the cross section of a quarter circle. Read More
- QuartzA crystalline mineral composed of silicon and oxygen that is typically used in engineered countertop surfaces made of crushed quartz. Read More
- QuartziteA hard, decorative stone that contains quartz and is used to cover walls, as flooring, and as stair steps, as well as for countertops. Read More
- Quiet EnjoymentA right of a lessee to enter upon and use the premises without any interference from the lessor. Read More
- Quiet Title SuitA lawsuit brought by an owner of real estate for the purpose of cancelling, wiping out, and putting a quietus upon supposedly immaterial,(...) Read More
- Quit Claim DeedA deed that does not imply the grantor holds title, but which surrenders and gives to the grantee any possible interest or rights that the(...) Read More
- QuoinLarge square stones or stucco trim used as decorative accents on exterior corners of buildings. Read More
- R-ValueA measurement of how well an insulating material can resist a flow of heat, with the higher the R-Value, the greater the effectiveness of the(...) Read More
- RabbetA rectangular longitudinal groove cut in the corner edge of a board or plank. Read More
- Radiant FlooringA heating system using tubes or electric wires installed underneath the flooring. Read More
- Radiant HeatingHeat systems that deliver heat to the floor or panels in the ceiling or walls of a house to supply instant warmth, and can save energy. Read More
- RadiationEnergy transmitted from a heat source to the air around it. Radiators actually depend more on convection than radiation. Read More
- RadonA toxic gas found in the soil beneath a house that can contribute to cancer and other illnesses. Read More
- Radon SystemA ventilation system beneath the floor of a basement and/or structural wood floor and designed to fan exhaust radon gas to the outside of the home Read More
- RafterOne of multiple wooden beams installed horizontally to support the weight of a roof. Read More
- Rafter, HipA rafter that forms the intersection of an external roof angle. Read More
- Rafter, ValleyA rafter that forms the intersection of an internal roof angle. The valley rafter is normally made of double 2-inch-thick members. Read More
- RaftersFraming members that run parallel and support the roof. Read More
- RailCross members of panel doors or of a sash. Also, a wall or open balustrade placed at the edge of a staircase, walkway bridge, or elevated(...) Read More
- Railroad TieBlack, tar and preservative impregnated, 6" X 8" and 6'-8' long wooden timber that was used to hold railroad track in place. Normally used as a(...) Read More
- RakeSlope or slanted. Read More
- Rake FasciaThe vertical face of the sloping end of a roof eave. Read More
- Rake SidingThe practice of installing lap siding diagonally Read More
- RanchA single story, one level home. Read More
- Rate CapThe limit on the amount an interest rate on an adjustable-rate mortgage (ARM) can increase or decrease during an adjustment period. Read More
- Rate LockA commitment by a lender guaranteeing a specified interest rate for a specified period of time. It protects a borrower against rate increases(...) Read More
- Rate-Term RefinanceA rate-and-term refinance changes the interest rate, the term – or both the rate and the term – of an existing mortgage without advancing any(...) Read More
- Ratified Sales ContractA contract that shows both buyer and the seller of the house have agreed to an offer. This offer may include sales contingencies, such as(...) Read More
- Ratings ServiceAgency are responsible for rating corporations and their debt issuances. It allows investors to determine how risky a corporation and its debt(...) Read More
- Ready Mixed ConcreteConcrete mixed at a plant or in trucks en route to a job and delivered ready for placement. Read More
- Real EstateLand and anything permanently affixed thereto – including buildings, fences, trees, and minerals. Read More
- Real Estate AgentA qualified agent who leases and sells real estate properties. Read More
- Real Estate AuctionAn effective method of selling real estate for either non-distressed properties (where an owner is looking to sell and profit from equity in the(...) Read More
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