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re: Any positives/pitfalls of taking home loan from family?
Posted on 8/18/13 at 3:00 pm to The Hamburglar
Posted on 8/18/13 at 3:00 pm to The Hamburglar
low closing costs
no credit score help though, although I think it could be reported if you figure out how to do it.
Tax implications are no different at all.
Think of it like a retirement fund for yourself if you stand to inherit down the road.
Keeps all of the money in the family.
safe secured investment for them, better than the markets
I think it is a great idea.
I've done it twice.
no credit score help though, although I think it could be reported if you figure out how to do it.
Tax implications are no different at all.
Think of it like a retirement fund for yourself if you stand to inherit down the road.
Keeps all of the money in the family.
safe secured investment for them, better than the markets
I think it is a great idea.
I've done it twice.
This post was edited on 8/18/13 at 3:01 pm
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