Row 6698

Row ID: 6698 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 6698 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Quebec, Canada. I'm buying my parent's house and my father is financing me. Which means I won't have to deal with a bank.

It's a win-win situation since he's going to charge me a greater interest rate than what he would have at the bank, but a lower interest rate than what the bank would charge me, so a middle ground.

His intentions are not to make money off of me and I'm not trying to be the cheapest either, we're just both trying to be fair.

How could we manage this? How often should we sit down and re-sign the interest rate? Is there any "tricks" we need to know to simplify this or saving money in any way?

Edit: We're making everything very "official" and legal. As official as 2 strangers dealing with eachother to buy a house. Everything will be on a contract.

Honestly I got to admit, I really wrote my post like a fucking potato and just left a lot of info behind.

I basically wanted to know if anyone had an idea of how to deal efficiently with the fluctuations of the interest rates. But I think my question is kind of too vague, unpredictable and subjective. There really isn't a magic answer.

We have ideas but I wanted to know if people had other ideas. Thanks :)

FieldValue
text Quebec, Canada. I'm buying my parent's house and my father is financing me. Which means I won't have to deal with a bank. It's a win-win situation since he's going to charge me a greater interest rate than what he would have at the bank, but a lower interest rate than what the bank would charge me, so a middle ground. His intentions are not to make money off of me and I'm not trying to be the cheapest either, we're just both trying to be fair. How could we manage this? How often should we si…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-12
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Raw Record

{
  "text": "Quebec, Canada. I'm buying my parent's house and my father is financing me. Which means I won't have to deal with a bank. \n\nIt's a win-win situation since he's going to charge me a greater interest rate than what he would have at the bank, but a lower interest rate than what the bank would charge me, so a middle ground.\n\nHis intentions are not to make money off of me and I'm not trying to be the cheapest either, we're just both trying to be fair.\n\nHow could we manage this? How often should we sit down and re-sign the interest rate? Is there any \"tricks\" we need to know to simplify this or saving money in any way? \n\n\nEdit: We're making everything very \"official\" and legal. As official as 2 strangers dealing with eachother to buy a house. Everything will be on a contract. \n\nHonestly I got to admit, I really wrote my post like a fucking potato and just left a lot of info behind. \n\nI basically wanted to know if anyone had an idea of how to deal efficiently with the fluctuations of the interest rates. But I think my question is kind of too vague, unpredictable and subjective. There really isn't a magic answer. \n\nWe have ideas but I wanted to know if people had other ideas. \nThanks :)\n",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-12",
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}

Entry Information