What is a quitclaim deed, and when is it used?
This method of ownership transfer is mainly used when no money is changing hands.
3 min read
Jul 31, 2025
David McMillin
Contributor, Personal Finance
Experience
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
David's latest articles
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VA Certificate of Eligibility: What it is and how to get one
Don’t skip this crucial step on your road to homeownership.
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What is an interest checking account?
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What is a mortgage origination fee? And do you have to pay it?
Here’s how much the fee costs and whether you can negotiate it.
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How to refinance an underwater mortgage
Even if you owe more than your home is worth, there are options to refinance.
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Single-Family Vs. Multi-Family Homes: What’s The Difference?
It’s basically house v. apartment living. How to decide which suits you better.
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Buying a house in California
The Golden State consistently ranks as one of the most expensive places in the U.S. to live.
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VA loan benefits and disadvantages
There’s a flip side to every form of financing, and VA loans are no exception.
7 min read Jul 24, 2025