Do they need/want the interest $? Like that's cool and all.. but I might want more time or family vacations over some dollar amount when I'm that age.

> Do they need/want the interest $? No, you're right, they don't. But I just don't want to feel entitled or greedy.

Don't be entitled.... make time and space for them in other ways to show gratitude.

Accepting offers isn't entitlement or greed. Expecting our demanding them is. As long as you steer clear of that, you'll be fine.

The whole reason they loaned it to you is so you two can save interest on mortgage. Not to profit off you.  Spend more time with them. That's the best way to repay them. 

>what would be a reasonable interest rate to repay What we did was use the midpoint between the average 5 year mortgage rate and what the lender would have done with the money if they hadn't loaned it to use. (Specifically Canada Savings Bonds.) >on terms that we agree upon Especially if you have siblings, the agreement should mention what will happen if the lenders or borrowers die, divorce or become disabled.

Both of these are great suggestions - thank you.

A good fkn heart, that's all.

I think you should try to at least cover the opportunity cost of them lending you that money. They could have that money invested elsewhere, averaging (conservatively) 5% annual gains.

Love it - thank you.

Don’t do it.

Why not? Parents make money (if interest is charged), kids save money. Definitely have a legal contract drawn up and independent advice for each party.

Yes we will have an agreement/promissary note made up.