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Brad Lynch, known as your mortgage guy for life, discusses quitclaim deeds in a recent tutorial. He emphasizes that the correct term is "quitclaim deed," although "quick claim deed" is often used informally. A quitclaim deed transfers the grantor's interest in a property, meaning it conveys ownership rights without guarantee. For example, in a divorce, one spouse can use a quitclaim deed to transfer their interest in the home to the other spouse. Brad encourages viewers to Google #YMGFL to find his work on various lending topics, including refinances and purchases.