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A family member has offered a low interest loan to me for purchasing a home. Where can I find information on rates for private loans?

April 26, 2017family Home loan low interest offered private purchasing rates

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A family member has offered a low interest loan to me for purchasing a home. Where can I find information on rates for private loans?

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To calculate the lowest rate of interest for federal tax law, you must use the Applicable Federal Rates (AFR) that applies to the terms and time of your loan. The applicable federal rates are published monthly in the Internal Revenue Bulletin.