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#1
04-03-2006, 11:26 AM
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Two at a time
For those of you who have adopted two children at the same time did you have all the money saved up in advance or did you take a loan out for most of the adoption? I have such a strong feeling in my heart that my husband and I should adopt to children at once. But I am so concerned about the money. Is it possible to take out a loan for most of it and refi our mortgage? Any advice would be great. Thank you
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Guatemala Adoption Information
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#2
04-03-2006, 11:30 AM
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We took out a home equity loan for the adoptions, depleted savings, and borrowed about $10,000 from family members.
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Cheri Mom of 2 beautiful boys from Guatemala Began paper chase 2/20/06 for a little girl Baby girl referral July 19th Lost referral Aug 11th Baby born Aug 8th New referral Aug 12th DNA Oct 9th SWI Oct 13 Visit trip - Oct 13-17th! AMAZING!!!!!!!!! FC out 11/18 PA 11/24 Enter PGN 11-29 OUT 2/1  Ours Forever March 1st, 2007 Visit our blog www.babychristina.blogspot.com
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#3
04-03-2006, 12:58 PM
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We did it with savings and a home equity line of credit.
Good luck with whatever you decide to do!
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Debbie - Mom to 3 Including 2 from Guatemala Community Moderator
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#4
04-03-2006, 01:08 PM
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We didn't start till we had the funds saved up. Anna
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Annaguat  May 5,2005 start Aug. 23 I171H Sept. 20 referrals  Oct. DNA match Nov. PA received, FC stuck because of holidays Dec. Awesome visit!  Dec. wait for FC and out! Dec. into PGN and stuck because of holidays  March 7 OUT of PGN and OUT again   March ? GCBCs and pink March 27-31 going to pick up my babies!  March 31 Home and forever in our arms.
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#5
04-03-2006, 01:10 PM
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Since our second daughter was not planned, we took out a home equity loan to fund her adoption. We had the money saved for our first adoption. It was a wonderful experience to bring home two at the same time... best wishes in your journey!
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Resa proud Mommy to two beautiful little girls Amanda Marie Dylan MackenzieDOB's Apr '03, May '04 Referrals 6/15/04 and 6/23/04 Family Day, 10/23/04
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#6
04-03-2006, 04:40 PM
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I haven't brought two home at once yet, but wanted to bump you up--we're definitely considering it, too!
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Trish Precious Baby Boy Referral 9/26/06 Home! 6/6/07 Sweet Baby Boy Referral 5/9/07 Home! 3/21/08
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#7
04-03-2006, 05:16 PM
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I also did it with a home equity loan. My company gives a $5000 adoption assistance for each, plus the tax credit, so it works out to be about half of the fees get covered. (Unfortunately, then my boss wouldn't give me any paid leave, so I am back to square one having to go three months with no salary - but it was a nice idea in theory!!!)
My sense was that this was a once-in-a-lifetime expense and that the reasons for adopting twins far outweighed the financial concerns. I know it's risky to use home equity, but it was the only way to do it for me. Blessings, Susan in Brooklyn with twins Jonathan and Benjamin
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DOB 4/6/05 Visit 9/9 I-171H 9/22 Visit 10/7 DNA 10/13 Visit 11/19 PA 11/29 PGN w/ PA 12/1 PGN out 12/15 GCBC 4 Jan 06 PINK!!!!!! 10 Jan Embassy 18 Jan Home 21 Jan
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#8
04-03-2006, 06:17 PM
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bumping for you as I am curious also. We had all the funds saved for Alex's adoption, but we are currently saving for our next, possibly 2 adoptions. We have a little while before we want to start and haven't decided which program (IA again, or domestic), but we are considering 2 at one time....
Good Luck!! Brina
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Referral 6/7/05 DOB 6/2/05 My baby Boy is HOME! 9/14/05
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