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Brad Lynch, known as "your mortgage guy for life," discusses quitclaim deeds, clarifying the terminology as some mistakenly refer to it as "quick claim deed." A quitclaim deed is used to transfer the grantor's interests in real estate, often in cases such as divorce where one spouse may leave the property. This method allows for the straightforward transfer of ownership without the formalities required in other types of deeds. For further reference, viewers are encouraged to search for Lynch online using the hashtag #YMGFL, where he shares insights on topics like refinancing and divorce lending.