LogFAQs > #964974148

I loaned one of my relatives 50k many years ago to help them buy a house. We didn't sign anything to make it official but the expectation is that they'll repay me with moderate interest once they're done paying the rest of the mortgage. It was the only way they could afford to buy one (lol Canada's housing market) and in that time the house has doubled in value, so it was a good investment. I won't actually need the money until I retire someday so, hey, someone may as well use it in the meantime. The interest they'll pay me is more than my savings account where it was sitting before.

I really don't think they'll screw me, but this is still money I can technically afford to lose. Don't lend anything if not getting it back will really hurt you. From what you posted, though, this doesn't seem that huge of an amount of money to you, and if they need it right away it's probably for something important. If you trust them, no need to jump through any hoops to sign anything, imo