Parents in a good position financially and have offered us the cash interest free, instead of a mortgage in order to buy our next house.
The agreement is we would pay them back over 20 yrs and whatever balance is left on their death will be paid back to each sibling from inheritance.
Is this a viable option?
The agreement is we would pay them back over 20 yrs and whatever balance is left on their death will be paid back to each sibling from inheritance.
Is this a viable option?