Hi Jessi! Congratulations on adopting again!!!  I see you are going to China this time. How exciting!
My dh and I used a Home Equity Loan to pay for part of our adoption costs, my parents took a HE loan to pay for part of it, and we still have an open HOE line of credit that we will need to use (it's either that or CCs). I highly suggest a HE loan over a line. While a line is good because you can use it as you need it, the interest rates will be higher. With a HE loan, the rates will be lower, and you can get a term up to 20 years, making your payments more manageable, however, you are then stuck with a payment that will never change.
I think the biggest problem with a HE loan (or line) is that it's secured so you are putting your house on the line if you cannot make the payments. When you use CCs for travel, etc., you may end up only paying the minimum or close to it, and being stuck in an endless cycle of debt, BUT, you will NOT lose your house. It is unsecured and much safer.
Hope this at least helps a little.
Best of luck to your growing family!
Jessi
xoxoxo
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Adopting one boy and one girl from Krasnoyarsk
May - October, 2007 - Researching adoption/agencies
October 17 - Signed w/ Placing Agency...dossier paperchase begins
October 19 - Signed w/ Homestudy Agency
October 22 - Filed I-600A
November 26 - Picked up approved homestudy
December 28 - Apostilled Dossier & Homestudy arrive in Russia
January 4, 2008 - Learn dossier being registered in Krasnoyarsk
January 5-January 29 - Nitpicking of docs in Kras; 5 rounds later, we're finally good-to-go
January 16 - Received I-600A/I-797C approval!
February 5 - Dossiers finally registered in Kras
April 23 - Best day ever! Received referral for our little boy
May 15 - Received our referral for our little girl! Yippee!!
May 20-25 - TRIP 1
July 29th Court Date Rescheduled - orphanage quarantine
August 5, 2008 - New Court Date
August 6 - Adoptions Approved
August 14 - Depart JFK Trip 3
August 18 - Pick up Babies
August 23 - Home Forever
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