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Why borrowing money from mom and dad can create conflict

Why borrowing money from mom and dad can create conflict
Photo: WXYZ Channel 7 (ABC Detroit) - News · view original

More families are turning to the "Bank of Mom and Dad" to help buy homes and cover expenses. But experts warn those loans can come with hidden risks. An Australian study found that parents and their adult children often had very different ideas about whether the money was a gift or a loan. Resear...

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