Image

Archive for how to afford adoption

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.

How to Get Closer to Your Resolution of Adopting a Baby in 2018

discover how you can adopt a baby in 2018!Every new year brings new potential and hope for the future. It also comes with the chance to commit to a New Year’s resolution. Do you hope to adopt a baby in 2018?

Starting your family through adoption is a resolution that’s not set to please other people or to gain attention. Becoming a parent through adoption is a life-changing event which will mark the start of a fresh chapter in your family.

Here are 5 ways to come closer to your resolution of adopting a baby in 2018!

1. Hear From Couples Who’ve Had Adoption Success
Your best resource to learn all you can about adoption is from a couple who’s adopted recently. Seek out the stories of experienced adoptive parents, and establish a conversation with them if you can. You might ask them for their advice, and about their adoption journey. After all, the more adoption stories you hear, the more viewpoints you’ll have to learn from. Follow adoption blogs, sign up for email newsletters, and join up with other couples also at the start of the adoption journey.

2. Continue Learning
Learn as much as you can about subjects like domestic adoption, open adoption, and modern adoption. There are a wealth of wonderful articles, books, and blogs out there. Check out the adoption stories featured on our “Recent Adoptions & Matches” page, which gets updated each day. You’ll also want to watch adoption webinars, available online for free at AdoptionWebinar.com.

3. Start to Finance Your Adoption
You don’t want to be scrambling for funds when the opportunity to adopt comes up. So, start getting all of your finances in order now by meeting with a financial planner. They can help you create a budget and get your finances straight. Look into adoption loans, grants, and fundraising, too.

4. Make Time for Adoption Each Week
Since most of us are very busy, we suggest that you set aside time each week to devote to learning more about adoption. By scheduling this time, you’re able to plan around things like appointments and work obligations.

5. Begin Your Adoption Profile
Even if you haven’t signed on with an adoption professional, you’re able to start working on your adoption profile. Consider taking quick photos of your day-to-day activities and favorite hobbies. And start considering what birth mothers will want to know about you: where you live, how long you’ve been married, what your jobs are, and why you’re hoping to adopt.

How to Research Adoption Benefits

learn how you can afford to adopt a baby!The #1 reason couples aren’t able to adopt is that they can’t afford it. The reality is, there are tons of adoption benefits out there, you just need to know where to look! Today, we’re sharing how to get access to the adoption benefits your employer, insurance, or church offers.

If you’re on a budget, you might be surprised at the cost of domestic infant adoption. The good news is that there are many adoption loans and financing alternatives that you can take advantage of. It IS possible for you to afford to adopt a baby!

Below, we share how you can research any adoption benefits that are available through organizations you’re affiliated with, like your employer, insurance, or church.

Adoption Benefits Through Your Insurance Provider

Asking your insurance provider about your adoption might seem strange to you. But, an insurance organization called MediShare grants its members $4,600 to use on an adoption!

Hopeful adoptive couples are supported by MediShare; the company helps to defray their adoption fees. Members of MediShare can share in adoption costs up to $4,600 per adoption. For two separate adoptions, the max amount goes up to $9,200. You can learn more at MyChristianCare.org.

Adoption Benefits Through Your Employer

Nowadays, more and more companies are offering their employees a reimbursement to help out with adoption costs, as well as paid leave. To find out whether your employer allows adoption benefits, just ask your Human Resource Department.

If you find that they don’t provide adoption benefits, you might help them start such a program by contacting the Dave Thomas Foundation. This non-profit offers information to employers through their Adoption-Friendly Workplace program. This program’s purpose is to make adoption affordable for every hopeful adoptive parent who’s employed. For details, visit AdoptionFriendlyWorkplace.org or give them a call at 1-800-275-3832.

Adoption Benefits for Members of the Military

If you’re a member of the military, you have adoption financing resources that aren’t available anywhere else. Active-duty military couples qualify for up to $2,000 per child in adoption benefits. The benefit increases to $5,000 if you’re adopting a sibling group. Get the details at MilitaryFamily.org.

Learn More About Domestic Adoption Through Free Online Webinars

did you know that you can learn about domestic adoption through free, online webinars?Each year, prospective adoptive families across the US make the life-changing and exciting decision to adopt a child. Yet, many people think an international adoption will happen more quickly and easily than a domestic adoption. That’s just due to a popular myth that says it will be difficult to adopt a baby in the United States.

Lifetime Adoption has been providing adoption services to adoptive parents and birth parents since 1986. We also educate about modern adoption and open adoption, so that light can be shed on adoption myths. Our free online webinars can be accessed by anyone who’s interested.

Our free, online adoption webinars provide information on the adoption process, what open adoption looks like, and gives adoption tips. Head over to AdoptionWebinar.com to start watching and listening to this FREE adoption resource! Each of our webinars feature expert answers and insights from people recently touched by adoption.

Lifetime focuses on each part of the “adoption triad”-the adoptee, birth mother, and adoptive parents. We assist women thinking about adoption for their baby with finding medical care, supportive counseling, and financial help. Prospective adoptive parents are guided through the open adoption process, which includes the home study, legal process, and creating their own adoption profile to present to birth mothers. We also help adoptive couples discover how to afford adoption, through adoption financing, adoption loans, adoption grants, and fundraising.

Subscribe to our free online adoption webinars at AdoptionWebinar.com today, so you can learn the important details you’ll need to know as you travel the path to adoption! When you subscribe, you’ll get exclusive access to webinar replays AND to invites to new LIVE webinars directly to your email.

Want Guidance from an Expert on the Adoption Tax Credit?

Sign up for our adoption tax credit webinar here!As you research adoption loans, grants, and other financing options, you’ve probably read about the Adoption Tax Credit. We’ve heard many adoptive couples say that this credit is difficult for them to understand how they might apply it to their taxes.

We’ll be hosting an information-packed webinar covering the Adoption Tax Credit. We’ll be joined by special guest Becky Wilmoth. Wilmoth is a well-known tax expert and an EA (Enrolled Agent) with Bill’s Tax Service in Centralia, Illinois.

Wilmoth is both an Adoption Tax Credit Specialist® and a licensed tax professional. As an Enrolled Agent (EA), Wilmoth prepares taxes, advises clients, and is a federally licensed tax professional. As a federally licensed tax professional, she has unrestricted rights to represent taxpayers before the IRS.

The Adoption Tax Credit has recently been covered in the national news. U.S. Senators Bob Casey of Pennsylvania and Roy Blunt of Missouri have re-introduced the Adoption Tax Credit Refundability Act. This act makes the current adoption tax credit fully refundable! You can discover more about this story and the Adoption Tax Credit Refundability Act at www.Senate.gov.

You can register for our Adoption Tax Credit webinar by clicking this link. This webinar was rescheduled. However, you may still register to attend and then you will be the first to know when the new date is confirmed.

Here’s the link to register for this informative webinar on the Adoption Tax Credit:
https://attendee.gotowebinar.com/register/5117208859587965954.

You’re able to join in on Lifetime’s tax credit webinar on your computer, over the phone, or via GoToWebinar’s app from your smartphone. After you register, we’ll email you instructions so that you can tune in live.

No matter where you are in of your adoption journey, we know you’ll benefit gaining knowledge about the Adoption Tax Credit!

A Fun Money-Saving Tip for Your Adoption Budget

save money for your adoption budget with this fun tip!Are you preparing to have professional photos taken for your adoption profile? Or maybe you’ve set an in-person meeting with your home study provider and want to look presentable. Looking good and saving money on a manicure is possible with this simple tip. It’ll help you feel confident, while at the same time save money for your adoption budget.

Lots of women find that at-home manicures are tricky. Do you end up with polish on your skin when you’re done? Make your DIY manicure easier and less messy by applying Elmer’s glue. It’ll catch the extra polish and remove it from your skin once your polish dries. When you’re done, your skin will remain polish-free and your nails will look flawless!

Here are the supplies you’ll need: an old makeup brush, Elmer’s glue, a cuticle stick, and nail polish. Select a makeup brush you don’t mind ruining, or get one at the dollar store. This tip is really useful when you’re applying nail polish with your non-dominant hand since painting is usually trickier on that side.

Here are the 4 simple steps to your flawless DIY manicure:

1. Get out that old makeup brush and use it to spread glue on your finger, onto your skin around each nail. Make sure to apply just a thin layer. Otherwise, it’ll take forever to dry.

2. Polish your nails with the color you’ve selected.

3. After your polish has dried, use your cuticle stick to begin peeling off the glue. As you peel the glue off, you’ll be removing the extra polish layer on top of it, too. Once you begin peeling with the cuticle stick, you can just pull the rest off using your fingers.

4. Use your cuticle stick to skim away any of the remaining dried glue from your skin.

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.

How to Afford Adoption by Bring Thrifty

Adoptive couple budgeting to afford adoption Many adoptive parents have asked us, “I’ve heard adoption is expensive. How can we afford adoption?”

Here are few creative ideas on how you can adjust your budget in order to afford adoption:
 
• Create a household budget based on your regular salary. Then, try to work overtime and/or take a second job. Use put money you make working overtime and/or moonlighting into your adoption savings.

• Stop getting coffee from Starbucks and coffee shops, and make your own coffee at home

• Skip going on vacation for a year

• Make meals at home instead of dining out

• Instead of birthday gifts for your spouse, put that money towards your adoption. Ask that family members and close friends do the same, instead of buying you gifts

• Furnish your nursery with hand-me-downs and like-new items from consignment baby stores

• Weatherproof your windows to save money on heating and AC

• Sell things around your home that you don’t ever use. For example, we heard of one adoptive mother selling their grand piano, which was never played and only used as a decorative piece. She made $10,000 to use towards their adoption!

• If you plan to take a year or so off work to be a stay-at-home mother, start acting like a one-income household. Then, put all of the money you make while waiting to adopt into savings.
 
We hope that you’re able to put some of these ideas into action so that you can bring home your baby through adoption! Please share with us any budgeting tips that worked for you by posting a comment below.

Financing for Your Adoption

Couple applying for adoption loanLifetime Adoption has some exciting news! We’ve just partnered with LightStream (a division of SunTrust Bank) to offer loans to those hoping to adopt a baby or child. This loan has been set up as an “AnythingLoan,” meaning that you may use it towards an aspect of your adoption. Some examples of uses for the Anything Loan are travel expenses or medical costs. LightStream offers a quick and easy paper-free online loan application on their website LightStream.com.

The fixed-interest rates on LightStream adoption loans start at 5.99% APR with AutoPay. You can obtain adoption funds from LightStream to your account the same day you apply. Loan amounts range from $10,000 to $100,000 and loan terms range from 24 to 84 months. There are no collateral requirements, no fees, no down payment requirements, and no prepayment penalties.

You can find out more about this adoption loan and discover if it fits your adoption funding needs at: www.LightStream.com/lifetime-adoption.