Are you curious how to make an intra-family loan official? Are you looking to determine the advantages of family loans and how they can save your loved one money over the life of the loan? What about the disadvantages?
If you’re considering loaning a family member money for their first home, student loan debt consolidation or starting a business, understanding the advantages of low AFRs (Applicable Federal Rates) is an important part of the process. If you have significant wealth and want to save your family member(s) money this article is a great place to begin the process and learn more about the ins and outs of intra-family loans.