Family loan

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My mother co-signed my loan for my condo a few years ago. Considering creative financing options - a family loan (from her) for the remaining balance of the mortgage so I wouldn't be under a bank loan anymore. Is this even possible?

Thanks in advance for any help!

[Ellis San Jose]

Tiffany,

I'm not sure I understand your question.

If you are asking if she can pay off your bank loan & replace it with a private loan and you would owe her instead of the bank. Yes, you can do that.

What is the purpose of paying off the bank loan?

What are the current terms to the bank?

What would be the terms to your mother's private loan?