Question By: A probate loan is a loan taken out against a future inheritance through the use of a hard money lender. Probate loans result in monthly repayments while probate continues to process, and the lender earns money through interest. Probate loans can also be called Estate loans or inheritance loans.
Probate Cash Advances vs. Loans
Many people use the terms “probate loan” and “cash advance” interchangeably, but they do not mean the same thing. Probate loans and advances are two entirely different concepts with distinct processes and stipulations.
Like traditional loans, a probate loan is an allotment of money that a lender allows you to borrow while your estate goes through probate. You must pay interest on this loan and make monthly payments until you settle the estate.
The Benefits of Probate Cash Advance Inheritance Funding
If you need money right away to maintain or improve your life and you have an inheritance tied up in the probate process, a cash advance may be the best way to get your funds now. You could take out an inheritance loan or use credit cards to get money, but you will pay interest and need to make monthly payments on the heir loan. A cash advance doesn’t require either of these.
If you have more questions on probate loans or advances visit https://inheritanceloanadvances.com/inheritance-advance-faqs/ to get your answers today.
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