Roof replacement is an expensive project, the related costs often exceeding $10,000, depending on the size of the roof, the material used and the extra design features. Many people badly in need of a new roof cannot pay for the project out of their pockets, but there is no need to worry – there are many financing options available to pay for roof replacement. Here are some:
- A payment plan from your roofer – many roofing companies today provide payment plans to help their clients cover the costs of the new roof. The plans can be for a couple of months or for years and they usually include interest rates, too, so read the terms and conditions very attentively before you sign;
- A home equity loan – many lenders provide home equity loans with very favorable conditions;
- A personal loan – this might be a solution that is a bit more expensive than home equity loans, but the options are so varied and there are so many lenders that offer personal loans that with a little research and some maths, you can surely find an acceptable solution;
- Insurance coverage – if you need a new roof because your old one has been damaged by nature and your insurance policy covers from that type of damage, you can file an insurance claim to pay for your new roof partially or integrally. Talking with a company like Hankins Homescapes can get you on the right path for an affordable new roof.
Originally Posted on: Can You Finance Your Roof Replacement?
source http://hankinshomescapes.com/can-you-finance-your-roof-replacement/
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