Qualification Rate  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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Qualification Rate

When a lender is qualifying a borrower, the lender will not normally know which exact mortgage product the borrower will be looking to obtain. Therefore, a lender will almost invariably have a qualification rate which is an interest rate that can be used to calculate repayments for the purpose of qualification.

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2.89%

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2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Mortgage Glossary

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