Repairing or replacing your roof is a considerable expense, but there are a few good ways to go about financing this home improvement project. Getting to know these options helps make sure that you can cover your new roof or repairs.
Cash
It might take some time before you can muster up enough savings, but this roof financing option remains the best option. The great thing about using cash is that you won’t have to worry about interest rates and other extra fees. If you know for a fact that your roof is going to be replaced soon, you can just take advantage of the time in coming up with a budget.
Credit Card
Paying for your roof repair or replacement project using your credit card might seem like a bad idea, but it can be an easy choice if the cost is within your credit limit. As long as you pay back the credit on time, you shouldn’t have to worry about dealing with compounding interest.
Loans
Taking out a loan is a bit better than using your credit card to repair or replace your roof because you have more options when it comes to payment schemes. Loans for roofing projects can vary depending on your needs. These include personal loans, home equity loans and home equity line of credit (HELOC). While they may take more time to process, you can get extended payment periods that won’t be possible with a credit card.
Government Subsidies
There are some government branches on the federal and state levels that have programs designed to provide financial assistance to low-income families with full or partial coverage. Get in touch with your local roofing contractors as soon as you determine your qualification. They’ll be more than willing to guide you in processing your finances.
Whether you need storm damage repair or a complete replacement, Brownstone Roofing offers financing options from GreenSky®. Give us a call today at (502) 443-9222, or fill out our contact form to learn more about your eligibility. We serve homeowners in New Albany, IN, and the surrounding communities.
