Scam Alert! Postcards stating there are issues with mortgage accounts were not sent by PHH. Get tips on how to secure your account. Notification

Learn More

Tools & Resources


Mortgage Glossary


Meeting a lender's requirements for approval of a mortgage loan in areas such as income, assets, credit history and debt.

Qualifying Ratios

The criteria a lender will calculate to see what percentage of your income you could spend on a monthly mortgage payment. A qualifying ratio consists of a front-end number and a back-end number. For example, a 26/35 ratio means you'll spend approximately 26% of your gross monthly income on your mortgage, and 35% on the mortgage plus other debts such as credit cards and car loans. Traditionally, lenders want a front-end ratio of 28 or lower and a back-end ratio of 36 or lower, though many will accept slightly higher ratios.

Quitclaim Deed

A document that transfers title to property, with the seller releasing all claims to the property. Often given to clear a title when the seller's interest in the property is under question.

Ready to Buy or Refinance?

Get Started
Header Icon

Need Help? Call Us


Ready to Buy or Refinance?

Get Started