[ Personal Finance ] Open Question : Should I let my in-laws buy my house and carry the note instead of just going through a regular refinance?


I am have great credit (785) and am currently in the early stages of refinancing (rate not locked but looking like 3,5% fixed 30 yr) I called my father and law (and his realtor fiance) just out of due diligence to see if they thought this was a good rate considering the clients they’ve seen purchase homes recently. They said it sounded pretty competitive and so I pulled the trigger with the mortgage company. Now today They called and said they were talking and think they would like to buy the house, and carry the note for us at the same interest rate and terms, but also with the option for 10-20k cash out if we want it. I wasn’t really looking for this and am not sure what to make of it. They said they were looking for somewhere to invest some money they recently made and thought it would be a win-win. I’m not sure. I trust their motives financially, but I worry about them divorcing later, or implied favors (none implied as of yet). I suppose there’s always the possibility of them being very generous with the payments or sale of the house down the road, but that’s also definitely not a given. Sounds like the same deal either way for me, but with the possibility of ugly family stuff down the road. Is there an angle I’m not seeing here?