Consumer Advice, Mortgage Business

Things to Consider When Lending Money to Family Members

A View from the Beach
A View from the Beach

Do you have a family member who has asked you for a loan? Banks aren’t lending money like they used to. Credit card companies are charging exorbitant interest rates. Home equity loans are almost nonexistent.

You may be their last resort!

But, there is a right way and a wrong way to lend money to family members. First the wrong way:

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