The original poster (OP) explained that he makes a seven-figure income while his wife doesn't work. The couple is moving from a paid-off $1 million home to a $3 million home. They've made a down payment but their plan was to have a mortgage on the new house and put the $1 million proceeds from the sale of their current place into the stock market.
The sticking point, however, is that his in-laws hate debt. His in-laws have somewhere between $5 and $10 million and have offered $1 million to put down on the home if the couple also uses the money from their house sale to pay down the debt as well.
The OP in this case is inclined to take the gift, as it's a free $1 million. Plus, he said his in-laws are generally supportive and aren't being controlling with the gift - they just dislike the idea of owing money and want to advance some of his wife's inheritance so the couple doesn't have to borrow.
Obviously, there are a lot of clear benefits to accepting the funds, especially as mortgage rates are currently very high.
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