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What is a deed?

 

What is a deed?

The Bankrate.com financial term of the day is: "deed."
A deed is a piece of paper that says you own it and it's yours. It's document that conveys your right to a piece of property and is filed with your county so that anyone can see that you are -- indeed -- the owner.

When you own property and have to prove it, you need a deed.

Before you buy a home, shop for a great mortgage rate by visiting the rate tables at Bankrate.com.

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
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