Wed, 17 June 2020
High real estate prices are apparently no match for low interest rates. Know this before settling on an intrafamily loan.
Real estate has been incredibly expensive for quite some time now and buyers are having trouble saving enough for a proper down payment. Still, there is an urgency for people to get into the house they want while interest rates hover around record lows. The result? There are a lot of intrafamily loans going on. Always be sure to consult a tax advisor and attorney before committing you and your family to this agreement. Other topics:
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