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Archive for adoption loans

How to Afford Adoption with a LightStream Adoption Loan

You CAN afford adoption with a LightStream adoption loan!At the Lifetime adoption agency in Florida, we don’t want a lack of finances to stand in the way of you being able to adopt. The cost to adopt can be an obstacle for many people. Fortunately, there is a unique adoption loan available to help families pay the fees connected to adopting.

A LightStream adoption loan makes it possible for you to expand or begin your family through adoption. You don’t need to be working with our adoption agency in Florida to apply for LightStream’s loan. Any hopeful adoptive family can take advantage of this financial assistance.

You’re able to use LightStream’s flexible “AnythingLoan” to pay for anything relating to your adoption process. For example, you might use it to pay adoption professionals, for adoption travel, to cover the costs to print adoption profiles, or even furnishing your future baby’s nursery.

LightStream’s loan creates an affordable answer for those hoping to adopt. Here’s some info about LightStream’s Adoption Loan:

  • Loan amounts begin at $5,000
  • You’re able to get a loan for up to $100,000
  • Fixed interest rates as low as 5.49% APR with AutoPay
  • This is an unsecured loan (meaning, you don’t need to put up your house or another valuable asset as collateral)
  • The loan process is simple and completely online, from your application to funding
  • Repayment terms up to 84 months
  • No late fees
  • No loan origination fee
  • If you pay off your loan early, LightStream will not charge you any additional fees

Visit LightStream.com/Lifetime-Adoption to apply for a LightStream Adoption Loan.

So that you get a low-interest rate, LightStream has a “rate beat” program. They will beat an interest rate (APR) from any other lender by .10 percentage points. The other lender’s rate needs to meet the terms and conditions as described here. Wondering about their “rate beat” program and what makes LightStream different from other lenders? Check out this short video.

Here what others have said about LightStream’s Adoption Loan:

“They have an unbelievable interest rate! We applied and were approved within 24 hours.”

“We got approved for our adoption loan with LightStream today, and the funds should be in our account by tomorrow!”

“The loan we received through LightStream was fantastic. Best experience I’ve ever had. Fast, quick, easy. I couldn’t say enough or tell enough people about it. I was amazed how simple it was.”

To get more information and apply, visit LightStream.com.

Avoid Using These 3 Things to Afford Adoption

Don't use these 3 things to afford adoption!Many hopeful adoptive couples have found that they need to allocate more funds to go through the process. Domestic adoption does come with the potential of a high price tag since there are so many people working on your behalf. Money may be standing in the way for you to realize your dream of adoption. Today, we’re sharing about a few financial tools that you should avoid using to afford adoption. If you do, your long-term financial profile and your family will be negatively affected.

Here are 3 financial resources that you should avoid using to fund your family’s adoption:

1. Mortgage or Rent
Using your mortgage or rent payment towards an adoption is a risky financial idea. After all, if you’re adopting, you’ll need a place to live! You’ll need to create and cultivate a home environment that is stable and secure. You could end up losing a lot more than you ever imagined when you start using the money that should be going towards your house.

2. Payday Loan
Using a “payday loan” allows you to get your full paycheck in before your actual pay date. This might sound like a great financial tool, especially if you’re in a rush to adopt. However, since you’re already are low on money, the odds are you have little to no reserves if you’re even considering this. You’re likely to fall into debt once you start using this type of loan. This is because payday loans come with very high interest rates and you can almost never “catch up”. Living paycheck-to-paycheck is not a great start for your new family.

3. Title Loan
Giving away the title to your car is one of the most financially risky plans to follow. You need your car to get from point A to point B. Without a car, it may be almost impossible for you to get to work. If you have one missed payment, you might end up losing your car. It can put an emotional strain on you, in knowing that the car isn’t really “yours.” It’s totally not worth it! Your future child shouldn’t be brought into a situation where their adoptive parents are so financially burdened. The stress of all this will seep into other areas of your life and even to your child.

As adoptive parents, you have the responsibility to give your child the best imaginable start with your family. Your arms might be aching for a child, but you don’t want to bring one into your life at a time of financial stress. Once you have a better idea how much money you’ll need to fund the adoption, try more positive ways to raise funds. Visit Lifetime’s link about Financing Your Adoption to get ideas on how to afford adoption.