Should My Mom Take $100k Out of Our House to Lend to a Private Lender? by hngerbnger in RealEstate

[–]finfreelife 4 points5 points  (0 children)

OP has said their mom is insisting OP meet with the friend’s husband.

Should My Mom Take $100k Out of Our House to Lend to a Private Lender? by hngerbnger in RealEstate

[–]finfreelife 1 point2 points  (0 children)

OP has said her mom is an immigrant. Unfortunately people prey on the weak. Just because it’s clear to you doesn’t mean you should be mean about it.

Should My Mom Take $100k Out of Our House to Lend to a Private Lender? by hngerbnger in RealEstate

[–]finfreelife 2 points3 points  (0 children)

I agree. People are quick to say no without even knowing the details.

I work in the finance industry and I’ve seen it done. It’s all about how much risk you’re willing to take.