Get Financing Today
We think of the aspects that are most important to you at Houston Roof Financing. We also understand the importance of having funding solutions that are tailored to your specific requirements. As a result, we’ve teamed up with one of the best home renovation lending companies to make the roof project go more smoothly. It provides our customers with the most funding opportunities.
They excel in assisting our customers in achieving their ideal house. They are solely concerned about funding solutions for homeowners who choose to make upgrades to their homes. They appreciate the particular requirements of our Roofing Customers because of their unique specialization, and will collaborate with you to find the best financing solution for you!
Factors to Consider
First and foremost, what has prompted you to suggest repairing your roof? Are you seeing shingles flying off, shingle dust particles (also known as granules) accumulating on your house, algae formation, or ceiling leaks? Then you’d better have your roof fixed as fast as possible, or things could get a lot worse! These aren’t indicators that your roof may need to be replaced; they’re signs that your roof has already been replaced! Call us for more info at Houston Roof Financing.
Until you go much farther, you can understand that it’s so important to fix or, better still, rebuild your roof. If your roof is broken, you can not realize the damage you’re doing to your house by refusing to repair it. That’s how water will leak into your insulation, drywall, plywood, paint, electrical grid, and other areas where you can’t see it. Don’t let the fact that you don’t have the funds to rebuild your roof prevent you from getting a consultation! Only a professional will inform you of the magnitude of your potential loss and how much it would cost to replace it.
Why Replace Instead Of Repairing?
And there’s a fair risk that fixing the roof would need squandering funds you can’t manage. A roof that is less than ten years old can be repaired, so if the roof is 15 years old or more, a complete replacement is the safest option. Consider this: the money you’d expend restoring the roof a couple of times during the past few years might be placed into paying off a complete replacement, even though it requires many years to pay it off.
Furthermore, certain types of roof repair potentially compromise the roof’s integrity. That’s because the shingles on the roof are still brittle by the time it has to be repaired. As a result, when spot patching, you end up scratching neighboring shingles even further! Alternatively, if you install additional shingles, which is not recommended, you wind up applying more weight to a roof that was built to support a certain level. Since darkness and trapped moisture are mold’s two best mates, adding a second layer increases the likelihood of the first layer developing mold.
A few Payment Methods For Your New Roof Project
Cash or Check (Easiest Method)
Paying in full in cash is unquestionably the quickest and most convenient way to complete the task! However, not everybody has the financial resources to pay for a new roof entirely in cash (or by check). And if you have enough cash on hand to pay for the project in full, you will not choose to do so.
Why is this approach so straightforward? Aside from the arrangement with the preferred roofing company to finish the job, there is no lengthy documentation or clearance procedure to deal with. All that is needed is a deposit, with the remaining funds being transferred until the roof has been completed.
Why is a deposit needed by roofers? Since deposits ensure that everybody is passionate about the project and on the same page. Contractors fear buying supplies, wasting time organizing, and then seeing the homeowner walkout at the last minute if they don’t have a deposit. Though it isn’t normal, it is a significant drain on capital for both large and small contractors.
Is it possible to bring the cost of a new roof on a credit card? Yes, to put it succinctly.
Using a credit card to pay for your new roof may be advantageous if you have a card with generous rewards and discounts, especially cash-back bonuses. For example, a new credit card of 0% interest for 12 months helps you to place the whole project on the card and pay it off over the next year.
If you don’t have a “no interest” bonus, high-interest rates are a major barrier to using your credit card for roofing. If you have other lending alternatives (such as a home equity loan), you’ll save more money in the long run than if you use a high-interest credit card.
Another downside to paying for a credit card is the charging costs levied by the roofer while the payment is processed. These withdrawal fees will vary between 3% to 5%, depending on the card you’re using, which adds up quickly while you’re talking about a large purchase. As a result, nearly all roofers who take credit cards would move these payments on to the customer if they want this form. However, if your credit card’s incentives and benefits are good enough, using a credit card to fund your roof or other big home improvement project could indeed be the best option! Houston Roof Financing is a trustworthy company you can depend on for any project.
A personal loan is an unsecured loan, which means you don’t have to put up any collateral to get the loans.
Pros of a Personal Loan
It offers versatility and can be used for a range of purposes, including roof replacement.
A personal loan could be the best choice if you don’t have much time and don’t have much equity in your house. It is simple to acquire. If you’re in a rush, this loan is perfect because approvals are swift and little paperwork is needed to complete the loan. As a result, you can get a loan easily.
When you have decent credit, the interest rates are smaller than credit cards but higher than guaranteed loans.
Cons of a Personal Loan
Since these loans are deemed a higher risk by lenders, most of them can only sell you the loan if you have decent collateral. The higher your credit score, the more likely you are to be credited to get a lower interest rate.
Early redemption can be penalized by certain lenders, so make sure you accept the conditions of repayment. When your credit score is low, you can be subjected to more stringent loan conditions.
Be wary of any secret payments associated with a personal loan. Check to see whether you would be fined whether you cancel or are late for a bill, as well as any other penalties that might apply.
If you have any questions or in need of professional advice, consider calling us at Houston Roof Financing anytime.