Can you transfer a mortgage to someone else?

Ok, the thing is that I'd like a relative of mine to take over a mortgage I have on a property. This house has a 30 yr fixed of 5.5% which is the reason why he wants to take it. Can I just transfer the "ownership" or "responsibility" of the mortgage to him (he takes over all payments and... show more Ok, the thing is that I'd like a relative of mine to take over a mortgage I have on a property. This house has a 30 yr fixed of 5.5% which is the reason why he wants to take it. Can I just transfer the "ownership" or "responsibility" of the mortgage to him (he takes over all payments and responsibilities for the remaining 22 years) in order to keep that interest rate and just have him give me some money (e.g. market value - what is owed on the mortgage)? If so, what is the process? Thanks!
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