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  • James Gasson

Roof Financing Options for Homeowners

There are times when you can’t delay a roof replacement; after all, the roof forms the majority of your home’s defense against the elements. However, not all homeowners have enough savings to pay for a roof replacement upfront. Luckily, a number of financing options are available.

Read on as Georgia Roof Advisors, the best roofing company in the state, shows you what these are.

Personal Loans

The quickest way to finance your roof is through a personal loan. You can receive funds for a new roof within 24 hours without having to put your home up as collateral.

There is a drawback to this option, however. Those with bad credit ratings are likely to get charged higher interest rates.

Home Equity Loans

Fortunately for those with bad credit ratings, they can still get competitive rates by taking out a home equity loan, provided they have enough home equity. Home equity loans generally offer lower interest rates than the ones offered by personal loans, but some loans have high processing fees. If you’re going to choose this option, compare lenders’ fees to find the best deal.

Point-of-Sale Loans

Often, though, roof repair just can’t wait. If you need the funds quickly but still want as much flexibility as possible, take out point-of-sale loans. Instead of shopping for and comparing loan offers yourself, you can apply for a loan through your contractor, who’ll then work with another company to find the best deals for you.

You won’t have to compromise on flexibility or speed with this option either. You can get the funds fairly quickly while retaining the option of paying the lump sum off at competitive rates.

Credit Cards

If none of the options stated above are viable, you can use your credit card. Just keep in mind credit cards usually charge higher interest rates than any other option. To minimize the interest that will accrue, make sure to use a new credit card with a 0% APR.

If you’re still looking for a roofing company , hire one a reputable one, like Georgia Roof Advisors. To get a free consultation, call [company_phone] or fill out this form. We serve homeowners in Marietta.

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Roof Financing Options for Homeowners

Georgia Roof Advisors

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