Q: I am looking into refinancing my adjustable-rate mortgage to a fixed rate. During this process, my mother told me that she would lend me the $150,000 to pay off my existing loan and that I could pay her back at the current market rate for a 30-year fixed mortgage. -
Keep Refinancing in the Family
Q: I am looking into refinancing my adjustable-rate mortgage to a fixed rate. During this process, my mother told me that she would lend me the $150,000 to pay off my existing loan and that I could pay her back at the current market rate for a 30-year fixed mortgage.-
By Benny L. Kass