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I would have my mother loan the money to me at the same rate I pay on my mortgage. Then I would use the money to pay off/down my mortgage. She would get a good, safe rate.
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I did this with my dad. 30 yr interest only loan. We did it proper with a loan agreement and filed as you would a regular mortgage. If my dad passed prior to maturity, I would inherit the loan as part of his assets and own my home.
Done right not a bad thing.
My dad passed after 20 years and all is ok.