These Ideas for Infertility Financing Options Helped Us Decide to Start the Process
Ned and Tammy Hand Wrote: Like a lot of people, we were nervous about what we could afford when the news about the economy just kept getting worse and worse. But when we realized we had a financing option, and that it was so simple to use, we agreed we couldn’t put off our family anymore. Here are some of the Infertility Financing Options they found:
- Savings. Many people use their personal savings, this is ideal because it means you are not adding debt but most people’s savings can’t cover every expense.
- Second mortgage or loan against the equity in the house. This is a great option for people with equity in their home or other property, since the loan is secured by the property the interest rates are usually reasonable.
- Loans from your 401k retirement fund. Technically it’s not a loan, since it’s your money, however there may be rules in place about making withdrawals and the tax consequences.
- Family and Friends. Many people set up funding sites, like a gofundme.com site, where their family and friends can contribute easily online. For people who are good at networking, and don’t mind sharing their infertility journey on social media, this is a good option. There’s also the possibility of asking close family mem