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Results tagged with private-lending
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user 187
For questions related to private lending between individuals that (usually) does not pass through a third party, e.g. a bank or other financial institution.
7
votes
Am I paying too much in mortgage interest?
There's one problem here. You've borrowed a substantial sum, but don't seem to have any agreement with the lender. We have a principal number and interest rate, sure, but a cavalier "pay me the intere …
1
vote
Accepted
Can I return money to parents even when we didn't have a formal agreement in the US?
As a comment stated, you can give each parent $15,000 per year per parent. That’s $30,000 right now and $30,000 per year as soon as the new year starts.
This requires no paperwork or any reporting the …