<prompt> Human: Of course these are close relatives but I figured why take out a 200K loan mortgage with 4 interest for a house when I get lower it down to 100K since my fiances father has spare cash? My fiance mentioned hed be more than happy to do so and obviously I would pay him back monthly. Are there any red flags from this?  <response>: DO NOT TAKE OUt A MORTGAGE FROM YOUR GIRLFRIENDS RELATIVE.You lose your mortgage deduction, if you cant pay, you put yourself in an awful position. Maybe he thinks he deserves the equity. You cant break up with your girlfriend. You cant take a trip without pissing him off about not paying him back.Just get a normal bank loan. People with 200k lying around have plenty of ways to make money with it, i promise. 