I will start this post with some discussion, but I will revisit it when I know more information, like the names of the companies. We are trying really hard not to spend all our savings and/or borrow against retirement funds. It is really hard to do. Angie has been researching grants and they don't look to promising. They want to see that you have spent all your money and only then will they assist you. My problem with this is if you spend all your money and get a grant, how are you supposed to live when you get back? If you are that desperate for money, adoption should not be on the top of your lists of things to do. The other issue is that a lot of these grants want you to pay money for the chance to get one. Does that strike you as being a little off? Your going after a grant for money, but they are saying they want some to give some. More likely is that once you pay, then you wait and finally get rejected, but they got your money.
Angie emailed me today and she has found a low interest loan. To me, this is the better route to go. We can borrow what we need and pay it back as we go. There is not penalty for early payment. Not only that, but some of our stock may mature to a nice number where we can sell it. I will provide the name of the company in due time. Right now, I don't know if we are going to need it. It's good to keep options open.
It looks like Angie found another company. This one offeres low interest Adoption loans. It is being offered through SunTrust. Not only that, but they do not penalize early payments.
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