Mortgage Forum
Having a Family member hold your mortgage?
This is a topic titled Having a Family member hold your mortgage? made in the Mortgage Talk section, belongs to our Mortgage Chat category; my sons future father in law is very well off and He has offered to give my son and his daughter a mortgage at fixed 6% 30 year term instead ...
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| Members List | Search | Today's Posts | Mark Read |
August 27th, 2008, 05:28 AM
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| Senior Member Registered: Apr 2008
Posts: 1,497
|  Having a Family member hold your mortgage? my sons future father in law is very well off and He has offered to give my son and his daughter a mortgage at fixed 6% 30 year term instead of them going to a mortgage company or a bank. He said it would be completely legal and done up with a contract. Do you think my son and future daughter in law should take him up on his offer and is there anything my son should know before doing this, also this would be their first home |
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