Qualification Rate

Qualification Rate

The interest rate used in calculating the initial mortgage payment in qualifying a borrower.

The rate used in qualifying borrowers may or may not be the initial rate on the mortgage. On FRMs with Temporary Buydowns, the qualifying rate is the “bought down” rate. On ARMs, the borrower may be qualified at the Fully Indexed Rate rather than the initial rate.

References in periodicals archive ?
That almost half of projects entered by local pupils have qualified for the finals event in Dublin in January, compared with an overall qualification rate of just over one quarter, is a measure of the high standard of STEM learning in the north.
According to the company, the machine efficiency is >90%; product qualification rate is >98%; the single piece weight of this product is 18 g; the proportion of SAP in core is 38%; deviation [+ or -]5%; and products fully meet design requirements.
And the US star has just obliterated the field and kept up his 100 per cent qualification rate at the United States Olympic trials.
Through the combined effort of these elements, the qualification rate for Afghan recruits rose from 45 percent in January to 97 percent in May.
The new weekly rates are: From 1st pay From 1st pay period on or period on or Current after 1 Dec '07 after 1 Sept '08 Qualification rate ($) ($) ($) Hospital Certificate 15.
People from EU countries also have a higher third level qualification rate at 36.
Similarly, through 1998--9, both average training duration and the overall qualification rate had yet to exceed YT levels.
A property qualification rate of 100% in each of the past five years; and an established, comprehensive qualification guarantee system
In support of this notion, sustainment data collected recently by the 84th Division showed that LMTS-trained soldiers from the 100th Battalion, 442d Infantry (the USAR's only infantry unit) took 50 percent less time and ammunition than normal to group and zero, and also raised their first-run qualification rate from a historical 60-80 percent to 98 percent.
Finally, the low qualification rate: the qualification rate of common v- belts, wire rope conveyer belts and heat resistant conveyor belts is less than 80%.
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