Site: nolo.com
... A loan within a family, or among friends, can be a helpful way for such a homebuyer to meet the financial ... level of trust and goodwill that typically exists before someone will agree to make a large loan to a family ... too high, the buyer might default, creating unnecessary tension within a close network of friends and family ... For More Information
To learn more, see Borrowing From Family and Friends to Buy a House, which discusses ... How Much Interest to Charge on Home Loan to Family Member ...