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My partner’s parents offered us a loan to buy a house. What could go wrong?

153d ago
Business
MarketWatch
My partner’s parents offered us a loan to buy a house. What could go wrong?
A couple is considering accepting a loan from one partner's parents to purchase a house, despite not being interested in marriage and maintaining separate assets. This arrangement, while potentially beneficial, raises questions about the complexities of mixing family relationships with financial transactions. Experts advise careful consideration of potential pitfalls, including the impact on the couple's relationship, the potential for disagreements over repayment terms, and the legal implications of the loan agreement. Clear communication and a formal, written agreement are crucial to mitigate risks and ensure a positive outcome for all parties involved.
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