Katie and Charlie Ferraro have always wanted to have a big family. So when they found out they were expecting naturally conceived quadruplets, it was like their dream had come true right then and there.
The couple already had a 1-year-old girl named Molly, which meant they were going to grow to a family of seven. Although they were on the moon, they had some fears.
Katie, 37, had a high-risk pregnancy given the medical problems that could occur, such as increased rates of chromosomal abnormalities and stillbirths.
If Katie made it to 34 weeks, she would have a scheduled C-section at the Sharp Mary Birch Hospital for Women and Newborns in San Diego. But as she could go into labor early, there was also a plan put in place by the team to ensure the deliveries were made safely at all times.
Still, there were many nerves and questions in the couple’s mind about the health of their babies. In the video, Katie revealed some of her thoughts: “Are they going to have health issues? What kind of surgeries will they need? How long will they stay in the neonatal intensive care unit?”.
“Being expecting 4 babies with possible problems, you pray for the best, but being realistic, it may not be as beautiful and wonderful as you hope”, says Katie.
Finally, the day came for Katie and Charlie to meet their 4 puppies, and surprisingly, their gender would be a big surprise. Katie eventually reached her 34th week of pregnancy, so the couple headed to the hospital and prepared for the C-section. In the room, individual medical teams were assembled for each baby.
In addition to the babies, there was still the possibility that something could go wrong with Katie herself as well, according to Dr. Joanna Adamczak: “A multiple birth is a risk. The uterus is significantly expanded compared to having one baby or twins and there is a risk of more bleeding.”
The mother seemed to take a deep breath as she looked around. It was the day they had been so eagerly waiting for.
First, baby “A” was born. To everyone’s great delight, it was healthy! Charlie Albert came into the world weighing 1.84 kg.
Then came baby B, named Little Claire Bonaventure, who weighed 1.87 kg. Baby C was another boy, named Henry Cornelius, who weighed 1.42 kg. Last but not least, baby D was Dillon Christopher, at 1.46 kg.
The quadruplets were born a minute apart, but more importantly, they were all healthy!
All were taken to the neonatal intensive care unit, where they were accompanied by the good-hearted team. Katie and Charlie were overjoyed, and within a month, they were able to take them home.
The Ferraro family already had seven members, but they didn’t want to stop there, and in March of the following year, the couple had twins, Gus and Hannah.
Katie and Charlie always wanted a big family, and that’s exactly what they got. Watch the video below to see their emotional adventure as they prepare to host quadruplets.
Introduction
Are you in need of financial assistance but don't want to sell your property? A loan against property might be the ideal solution for you. This type of loan allows you to leverage the value of your property to secure a loan amount. In this article, we will provide you with a comprehensive guide on obtaining a loan against property. Follow these step-by-step instructions to make the process smooth and hassle-free.
Assessing Property Value
The first step in obtaining a loan against property is to assess the value of your property. You can hire a professional property evaluator or consult a real estate agent to determine its market worth. The lender will consider this valuation to calculate the loan amount they can offer you.
Researching Lenders
Once you have assessed your property's value, it's time to research different lenders who offer loans against property. Compare their interest rates, loan tenure, processing fees, and customer reviews. Choose a reputable lender that aligns with your requirements and offers favorable terms and conditions.
Document Preparation
To apply for a loan against property, you need to gather the necessary documents. The typical documents include:
- Property ownership documents
- Identity proof
- Address proof
- Income proof
- Bank statements
- Tax returns
Ensure that you have all the required documents ready and organize them for easy access during the application process.
Loan Application
Now that you have chosen a lender and prepared the documents, it's time to submit the loan application. Fill out the application form provided by the lender, providing accurate information. Double-check the form to avoid any errors or discrepancies.
Property Valuation
After submitting the application, the lender will initiate the property valuation process. They will send a representative to assess the property's condition, location, and market value. This valuation helps the lender determine the maximum loan amount they can offer you.
Loan Approval and Disbursement
Once the property valuation is complete and meets the lender's criteria, they will approve your loan application. The lender will communicate the approved loan amount, interest rate, and repayment terms. Upon agreement, the loan amount will be disbursed to your bank account.
Repayment Terms
Understanding the repayment terms is crucial before finalizing the loan agreement. The terms include the loan tenure, interest rate, and EMI (Equated Monthly Installment) amount. Ensure that you carefully review the repayment schedule and have a repayment plan in place.
Conclusion
Obtaining a loan against property can provide you with the financial flexibility you need without giving up ownership of your property. By following the step-by-step instructions outlined in this article, you can navigate through the process effectively. Remember to conduct thorough research, gather the necessary documents, choose a reliable lender, and understand the repayment terms.
FAQs
1. Can I obtain a loan against any type of property?Yes, you can obtain a loan against residential, commercial, or industrial properties.
2. What happens if I default on the loan repayment?Defaulting on loan repayment can lead to penalties, legal action, and the possibility of losing your property.
3. Is the interest rate fixed or variable for a loan against property?The interest rate can be either fixed or variable, depending on the terms agreed upon with the lender.
4. Can I prepay the loan before the tenure ends?Most lenders allow prepayment of the loan, but it may be subject to prepayment charges.
5. How long does the loan approval process take?The loan approval process can vary among lenders, but it typically takes a few days to a few weeks, depending on the documentation and property valuation process.
In conclusion, a loan against property is an excellent option for individuals in need of financial assistance. By following the step-by-step instructions provided in this article, you can secure a loan against your property efficiently. Remember to thoroughly assess your property value, research lenders, prepare the required documents, and understand the repayment terms. With careful planning and execution, you can leverage your property to fulfill your financial needs.