Updated over 12 years ago on . Most recent reply
Family loan -Should it be Ammortizing? 30 year?
When borrowing a smaller amount from family, say 25k, for a downpayment, is it at all common to do a 30-year ammortizing loan? If so, what rate? Is 7.5% 30 year ammortizing reasonable? I want it to be attractive to them and at the same time affordable for me.