BROWSE

Qualification Ratio

What is 'Qualification Ratio'

Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine a borrower's credit-worthiness for certain loan amounts. Generally, a borrower's debt-to-income ratio, which includes housing expenses plus long-term debt, cannot exceed 36% of the person's monthly gross income. Housing expenses alone, which include home owner's insurance, taxes, condominium fees, homeowner's fees, etc. cannot exceed 28% of a borrower's monthly gross income.

Explaining 'Qualification Ratio'

Mortgage programs are available for borrowers who do not meet the standard qualifying ratios, but the added risk of default by the borrower means that such mortgages generally carry higher interest rates than mortgages where the standard qualifying ratios are met.


Further Reading


Predicting audit qualifications with financial and market variables
www.jstor.org [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Audit qualification, firm litigation, and financial information: an empirical analysis in GreeceAudit qualification, firm litigation, and financial information: an empirical analysis in Greece
onlinelibrary.wiley.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Explaining qualifications in audit reports using a support vector machine methodologyExplaining qualifications in audit reports using a support vector machine methodology
onlinelibrary.wiley.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Qualified audit reports and costly contractingQualified audit reports and costly contracting
link.springer.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

An empirical investigation of audit qualification decisions in the presence of going concern uncertaintiesAn empirical investigation of audit qualification decisions in the presence of going concern uncertainties
onlinelibrary.wiley.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Mobility‐Tenure Decisions and Financial Credit: Do Mortgage Qualification Requirements Constrain Homeownership?Mobility‐Tenure Decisions and Financial Credit: Do Mortgage Qualification Requirements Constrain Homeownership?
onlinelibrary.wiley.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Using client performance measures to identify pre-engagement factors associated with qualified audit reports in GreeceUsing client performance measures to identify pre-engagement factors associated with qualified audit reports in Greece
www.sciencedirect.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Financial ratios and the probabilistic prediction of bankruptcyFinancial ratios and the probabilistic prediction of bankruptcy
www.jstor.org [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …

Audit qualifications and corporate governance in Spanish listed firmsAudit qualifications and corporate governance in Spanish listed firms
www.emerald.com [PDF]
… to determine whether the subsequent opinion was clean or quali- fied, and, if qualified, the type of … Approximately 25 percent of the first-time qualifications receive a clean opinion in the subsequent year … and whether the firm reported a loss in the year of the qualification.8 The …


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