If you’re preparing to receive a probate advance to pocket your inheritance money faster, you probably have questions about the cost. The truth is that there’s no one inheritance advance rate that applies to every heir. Every company has different inheritance advance rates, and many of them depend on the amount of the inheritance in question.
Luckily, there are a few ways you can ensure that you get the best rates for your inheritance advance.
How to Make Sure You’re Getting the Best Rate on Your Inheritance Advance
With an inheritance cash advance, you can get your money fast without waiting for the probate process to end. However, it’s essential to ensure that you get a rate that benefits you the most as an heir. Though you can’t control how much companies will charge you, there are many aspects of your inheritance advance that you can control.
Avoid Borrowing Money From Lenders
When it comes to acquiring a portion of your share, it’s best to avoid getting an inheritance loan through a bank or lender. Borrowing money means you’ll be required to make monthly payments to pay off the loan in the future, likely with interest. The more interest you have to pay, the less inheritance money you’ll receive in the long run. You may even incur late fees if you can’t pay back the loan in time.
Getting your cash through a lender also comes with the risk of nonpayment. If there isn’t enough money in the estate to pay the company when probate ends, they can still demand compensation.
You’ll get the best rate for your inheritance advance when you go through a funding company rather than a lender. These organizations typically charge a fixed rate rather than interest.
Compare Rates From Different Companies
All inheritance companies are different in terms of how much money they’re willing to fund and at what cost. These companies will provide a fixed fee for their services, which will come out of your inheritance after the estate is settled. Flat rates can range from 10% to 50% of the inheritance value depending on the company you choose.
The most reliable way to get a good rate on your inheritance advance is to compare costs from different funding companies to determine the most reasonable price.
Steer Clear of Additional Costs and Fees
The cost of your inheritance cash advance should be the difference between the immediate payment you’ll receive and the amount that will go to the probate advance company. Ideally, you shouldn’t have to pay any extra costs or hidden fees in addition to this fixed rate. Make sure the company you choose for your inheritance advance doesn’t charge any unnecessary expenses that will hike up your rate.
Contact Us Today to Find Your Best Probate Advance Rate
If you’re looking for the best inheritance advance rates in the business, choose Inheritance Funding Company. With some of the most competitive rates in the industry, we’ll set you up with the lowest possible price for your cash advance. We’ll also make sure you get your cash fast. Unlike lenders, we’ll never charge interest or surprise you with hidden fees — plus, our service is 100% risk-free.
Ready to get started? We’ll give you a free quote. Apply for your rate with IFC today.