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family loan

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    Building a New House? How to Make a Family Mortgage Work with a Construction Loan

Building a New House? How to Make a Family Mortgage Work with a Construction Loan

By Ilyce Glink| 2018-07-02T09:27:51-05:00 June 29th, 2018|

How to make a family mortgage work with a construction loan to ensure the complicated building process doesn’t exceed the loan amount. Q: In regard to your article "How to become a mortgage lender for your children" in the Washington Post, can a family mortgage also be accomplished on a construction loan? Can you refer [...]

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    Will a Loan From a Family Member Impact My Taxes?

Will a Loan From a Family Member Impact My Taxes?

By Ilyce Glink| 2018-06-15T10:49:28-05:00 February 2nd, 2018|

Will a loan from a family member impact my taxes? The IRS will treat the loan differently, depending on how you pay it back. Q: My mom is giving us money to buy a vacation home. We will pay her back monthly but it's more of a handshake agreement. Will there be any tax implications [...]

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