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Brad Lynch, known as "your mortgage guy for life," discusses quitclaim deeds, clarifying that "quick claim deed" is a common but incorrect term. A quitclaim deed transfers the grantor's interests in a property. He provides an example where it is useful in divorce situations, allowing one partner to transfer their ownership interest in the home to the other. Lynch encourages viewers to research him online using the hashtag #YMGFL for more information on refinances, purchases, and divorce lending.