I own a home and my parents want to pay off the remaining mortgage with a personal loan. They are not on the loan or tittle and will not be on the title afterwards. Is this possible to do instead of me refinancing?
If they can get a personal unsecured loan, then sure....but why?
I don't see why not. It may depend on what your goals are long term and short term. In almost every case the interest rate on a mortgage will be far lower than an unsecured cash loan.
The goal is to lower the interest rate instead of paying all the fees to refinance