The better and longer lasting solution to an old and failing roof system is a complete roof replacement. You should never put this project off – especially when the system has sustained extensive damage – but its overall costs may give homeowners pause. This where roof financing comes into play.
- Credit Card
This option allows you to borrow money conveniently while paying marginal fees. You can even finance your roof replacement interest-free if you’re qualified for a credit card offering 0% annual percentage rate (APR) promotion. But you’ll need to consider a few things when using a credit card. One: you should have good to excellent credit to get approval. Two: there’s always a chance the credit limit on your new card won’t be enough to cover the entire roof replacement. And, three: you’ll need to think of ways to reduce the sting of eventual high interest.
- Personal Loans
These offer another way to finance your project. You can typically use a personal loan for just about any expense, including siding installation and roof repairs, although some lenders will have restrictions in place. If you have bad credit, you should expect increased charges from lenders. Different personal loans also have varying fees, rates and requirements, so make sure to read them over carefully before taking up one.
This is probably the simplest and most-effective way to pay for a roof replacement. It doesn’t require a loan – plus, you’re not required to pay interest or have a good credit to greenlight the project. But it’s not without a downside. If you’re using cash to finance your project, you’ll need to have it all saved up and readily available.
Are the options mentioned above not working for you? Then, just turn to your premier roof replacement and gutter repair company, Rojas Roofing. We offer flexible financing options from Hearth so you can invest in your roofing upgrade with greater confidence. We’ll be more than happy to help you explore your options and decide on the best Hearth financing program that suits your needs. We proudly serve the areas in and around Carmel and Fishers, IN. Call us today at (317) 864-6193, or fill out this contact form to schedule your consultation.