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Tim Pearson
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Old 01-02-2011, 04:18 PM
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Default Intrafamily mortgage loan can benefit both parties if it's kept businesslike

NEW YORK TIMES Matt Rado is in the market for his first home, but the Santa Ana, Calif., 41-year-old does not plan to get a loan from a bank. Instead, Mr. Rado, who works in sales for a technology company, plans to have his retired parents lend him the money. Mr. Rado, who is preapproved for a 30-year fixed-rate mortgage at about 4.75 percent from a commercial lender, will get at least as ...
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