Tassimat
2019-03-10 14:03:06
- #1
Taking money from parents always sounds great, but consider the repayment terms. This loan also needs to be repaid, probably with more than 2% interest and faster than over a 30-year term. What happens if the parents suddenly need the money themselves? After all, it is not a gift. Make a proper loan agreement with a repayment schedule, which will then be binding for both parties.