Her In-Laws are Financially Abusive

Added: 2026-05-18

[00:00:00]My in-laws and his parents helped us with a down payment on our house and now we're receiving a lot of unsolicited financial advice about debts and what we're doing with our money and I guess I just want to know how much influence I should allow them to have in what we're doing with our finances as a unit, the two of us. I don't know why they would have any. Do you owe them the money back? Did they loan you the money? They have a weird kind of situation. They've done this with his sister as well. They kind of use it as a business transaction with their kids so they'll help with the down payment on the house and in the future when the house is sold they would get their down payment back and a certain percent of whatever profit we would make on the house.

[00:00:45]>> Oh, that's horrible. What an abusive mess. Yeah. How much money did they give you?

[00:00:50]>> to They put $300,000 down on the house.

[00:00:54]Wow. And how much is your mortgage? The house is $800,000 and we are paying the remainder of the mortgage.

[00:01:02]>> household income is what?

[00:01:03]>> It's about 80,000 between the two of us.

[00:01:07]So you also bought a house you can't afford. Yeah. Well, your payment's what?

[00:01:11]30% or 40% of your take home pay, right?

[00:01:13]It's about that, yeah. You bought a house that you can't afford and you bought it on terms with the in-laws that are absolutely cray-cray, ridiculous and you've got a mortgage you can't afford.

[00:01:24]What you should do is sell the house and you get out of both problems, the mortgage you can't afford and the in-laws that you can't afford.