If you are borrowing money you just pay the interest.

Morning, I am looking to borrow money from my parents and was wondering what contractual considerations I should consider moving forward.

Seller financing/sub-to type situation - This market is ripe for such opportunities as institutional capital is being restricted due to higher cost to borrower

They don't care about whether you are cash or getting a loan, amount of earnest money (as long as it meets their guidelines), etc.So any time you are contemplating purchasing an REO (a bank term for Real Estate Owned to differentiate between a distressed borrower in the foreclosure process), focus on maximizing the amount that the bank will get after fees, etc.Typically they won't go back and forth.  

This is not a fault of the borrower since the borrower just cares if their loan got approved and the loan was funded.Whether its ethical or not to mention that is up to the reader of the article.

When they ask you to borrow money tell them to go to a bank!

Bank Alternate Stated loans (these lenders are not banks and borrowers do not need to submit tax returns to qualify for these types of loans).

If you pay the mortgage in full each month, the only down side is if your dad needs to borrow money.

My property taxes are still being paid at a lower rate than what my house is worth.If I get a Heloc at market value, the loan will peg my house at a higher value which is great to allow me to borrow more.

So to keep an anonymous entity anonymous you would either have to only borrow money from lenders who don’t require a financial statement, or live on a cash basis, or being willing to “fib”.