Lending or Borrowing from Family?
Trying to buy a home but don’t know where to go for the down payment?
There are few people who haven’t considered a loan from a family member. But before you tread this potentially perilous path, consider getting some outside help.
Our Money Talks editor Stacy Johnson offers some tips in this video about lending to or borrowing money from family members.
Have you loaned money to, or borrowed money from a family member? How did it go? Leave us your comment below, and remember, your family member will not know you commented here. 🙂