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alabama home mortgage refinancing another person (the grantee). Unlike a typical deed, a quitclaim deed neither warrants nor professes that the grantor's claim was actually valid. While a grant deed is normally used for all real estate sales and transfers, quitclaim deeds are sometimes used for transfers between family members, gifts, and other special or unusual circumstances. Quitclaim deeds are also used by tax authorities when selling properties seized for nonpayment of taxes. In most common law jurisdictions, a quitclaim deed is no technically considered alabama home mortgage refinancing be a deed at all. It fails to meet all five traditional tests of a true deed found in common law. Instead it is considered to be an instrument of estoppel. alabama home mortgage refinancing companies often will not issue title insurance based on a quitclaim deed. In most jurisdictions, a grantee in a quitclaim deed is not considered to be alabama home mortgage refinancing bona fide purchaser for value. The grantee in a quitclaim deed assumes no better title than what the grantor possessed. However if the quitclaim meets certain provisions, the grantee may be considered a bona fide purchaser in some juristictions. In the Commonwealth of Massachusetts, a quitclaim deed is known as a release deed. An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest alabama home mortgage refinancing and so monthly repayment vary over time. Other alabama home mortgage refinancing of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage. Adjustable rates transfer part of the interest rate risk from the lender to the borrower. They can be used where unpredictable interest