Real Estate: What is a Mortgage, Deed, and Title?

Deed Vs. Title

Deed

  • Deed is evidence of the transfer
  • Think of it as your receipt for buying a home
  • A Deed is tangible

Title

  • Title is your actual ownership interest in the property
  • Title is intangible

What is a Mortgage?

  • Technically a mortgage is not a loan per se 
  • A mortgage is the act of pledging your home as collateral