Qualification Ratio

Qualification Ratio,

Qualification Ratio: What is the Meaning of Qualification Ratio?

  • The rating index shows the ratio of debt to revenue between housing cost and revenue. Mortgage lenders use a rating measure to determine the borrower's credit quality for a specific loan amount. Generally, the borrower's housing expenses, including home insurance, taxes and condominium fees, cannot exceed 28% of the borrower's total monthly income. Lenders' debt ratio (DTI), which includes loans in addition to housing costs, typically cannot exceed 36% of total monthly income.

Literal Meanings of Qualification Ratio

Qualification:

Meanings of Qualification:
  1. The quality or performance that makes a person suitable for a particular job or activity.

  2. Ac Act or facts to qualify or qualify for something.

  3. A statement or statement that makes the other person less absolute.

  4. Attribute quality to words, especially names.

Sentences of Qualification
  1. Only one rating is required

  2. You must beat Poland to qualify for the World Cup

  3. This important capability should be kept in mind while interpreting the results.

  4. The first element of a sentence is an adjective, a verb, or an object (direct or indirect).

Synonyms of Qualification

alteration, softening, adjustment, reservation, mitigation, revision, amendment, lessening, limitation, restriction, modification, moderation, stipulation, tempering, allowance, reduction, refinement, adaptation

Ratio:

Meanings of Ratio:
  1. A quantitative relationship between two quantities that indicates how many times one value contains another or is added to another.

Sentences of Ratio
  1. The employment rate for men and women is 8 to 1

Synonyms of Ratio

relationship, proportion, quantitative relation, comparative number, correlation, balance, comparative extent, correspondence