If you are interested in 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. Inheritance advance prices vary significantly by company, 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 deal for your inheritance advance.
How to Make Sure You’re Getting the Best Deal 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 price that works best for you. 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.
By getting your cash through a lender you also carry the risk of nonpayment. Even if there isn’t enough money in the estate to pay the company when probate ends, the lender can still demand compensation.
You’ll get the best deal for your inheritance advance by working with a funding company rather than a lender. These organizations typically charge a fixed price instead of interest.
Compare Rates From Different Companies
Inheritance companies vary greatly in terms of how large an advance they’re willing to fund and at what cost. These companies 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 advance value depending on the company you choose.
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 eventually go to the probate advance company once probate closes. Ideally, you shouldn’t have to pay any additional fees on top of this fixed rate. Make sure the company you choose for your inheritance advance doesn’t charge any unnecessary expenses that will hike up your costs.
Contact Us Today to Find Your Best Probate Advance Rate
If you’re looking for the best inheritance advance prices in the business, choose Inheritance Funding Company. We guarantee the lowest possible price for your cash advance. We’ll also make sure you get your cash fast. Finally, unlike lenders, we’ll never charge interest or surprise you with hidden fees.
Ready to get started? Get a free quote with IFC today.