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Lots of good info here. Thanks to all! When we did this type of arrangement with my in-laws back in the 90's, we did deduct the interest paid as mortgage interest on our taxes even though we never...

Thanks for the responses. I have done this before with my own mortgage (and my in-laws) many years ago. We basically did it the first way mentioned with nothing official. But, since this is my...

My son is going to lend money to my daughter and her husband as a mortgage (they will use it to pay off existing mortgage). What documents do we need to create? I'm assuming some sort of mortgage...