While replacing a damaged or aging roof is a crucial investment in protecting your home, coming up with the full amount upfront isn’t always feasible. This is especially true when you need to unexpectedly replace your roof due to storm damage. At Taylor’s Roofing, we understand your struggle. That’s why we’re sharing smart financing options to help you make this vital home improvement.
Home Equity Options
If you’ve built up equity in your Central Florida home, a home equity loan or line of credit (HELOC) may be the way to go. Home equity loans are paid as lump sums, while a HELOC is more like a credit card that allows you to access money and make purchases as needed.
These options typically have lower interest rates, making them an appealing option. However, the lower rates are a reward for securing the loan or line of credit with your property. If you cannot make the payments, your home could be at risk.
Contractor Financing
At Taylor’s Roofing, we understand that every homeowner’s financial situation is unique. That’s why we’ve partnered with trusted financing providers, including Hearth Financing, FRSA Credit Union, and Wells Fargo, to offer flexible payment options. Our partners’ financing plans include benefits like:
- Quick approval processes
- Competitive interest rates
- Flexible payment terms
- No prepayment penalties
Personal Loans
A personal loan may be an excellent choice if you need fast funding for your roof replacement. With competitive interest rates and fast approvals for borrowers with good credit, you could have funds within a few business days. And unlike some other financing options, personal loans don’t require putting your home up as collateral.
Credit Cards
Many home improvement stores offer special financing through credit cards with promotional periods of 0% interest. If you can pay off the balance before the end of the promotional period, this could be a good option. Read the fine print carefully, though, as interest rates often jump significantly after the promotional period.
Finance Your New Roof From Taylor’s Roofing
Are you ready to talk about your roofing project and explore financing options? Contact Taylor’s Roofing today for a free quote and to learn more about our flexible financing solutions. We are here to help you protect your home with a roof that fits both your needs and your budget. Give us a call today!
