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The ultimate way to manage home financing between family members.
Each month, the IRS publishes a set of base interest rates called the AFR Rates.
These interest rates are determined by a variety of economic factors and are used
for various purposes under the Internal Revenue Code -- including the calculation of
imputed interest on below market loans between family members.
When it comes to family loans -- especially loans above $10,000 -- the AFR Rates represent the absolute minimum market rate of interest a lender should
consider charging a borrower in order to avoid unnecessary tax complications.
$86,358,662 in loans between relatives. $39,522,001 in interest kept in family. Millions of dollars saved!
AFR Rate Alert > To receive a monthly email of the
updated IRS Applicable Federal Rate
index, please click this link to be added
to our list.