The Big Move: My husband and I rent our second home to our son and his wife. Now we want him to own this house, but keep our 2.5% mortgage rate. How can we do that?

by | Jan 5, 2023 | Stock Market

Dear MarketWatch, My husband and I bought a second home two years ago, for $160,000, with a 30-year mortgage at 2.5%. We bought it with the sole purpose of renting it out to our son and his new wife. 

They were recent college graduates, and just starting their careers. They’ve made this house their home. And it’s been a wonderful arrangement where they cover all the costs, and have maintained and even improved the property. But now, …

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