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For many homeowners, finding the best way to finance a new roof is just as important as choosing the right shingles. After all, your roof is a big investment.
Thankfully, there are affordable, flexible ways to pay for a roof replacement here in Mt. Pleasant and across Southeastern Wisconsin.
Let’s break them down so you can choose what works best for you.
Paying for a roof all at once isn’t easy for most families, and that’s okay. That’s why many homeowners choose to finance it.
Financing lets you break the cost into smaller monthly payments instead of paying everything upfront.
Replacing your roof now also helps you avoid more expensive damage later. Plus, a new roof can even improve your home’s value and help save on energy bills — so it’s an investment in your home’s future.
When figuring out the best way to finance a new roof, you have a few good choices. Here’s a quick look at the most common ones:
If you have equity in your home, you can use it to get a loan with a lower interest rate. These loans are popular because they often come with longer terms and lower monthly payments.
Just keep in mind that your home is used as collateral, so you need to stay on top of your payments to avoid risking foreclosure.
This is another option, and it doesn’t require your house as collateral. The upside is that it’s unsecured, but the downside is that the interest rate might be higher than a home equity loan.
Personal loans can be a good choice if you don’t have much equity built up yet or if you want to avoid putting your home at risk.
Some people use credit cards if they have a 0% interest promotion. But be careful. If you can’t pay it off during the promo period, the interest can add up fast.
Credit cards are really best for small or partial payments, not for the entire roof project.
There are many roofing companies that offer financing, like M&L Siding and Services. This choice is usually fast, simple, and flexible.
Contractor financing also often comes with special deals or perks you won’t find elsewhere. Plus, it’s convenient to handle everything through the same company that’s replacing your roof.
For many homeowners, the best way to finance a new roof is through the contractor you hire. Here’s why:
Just make sure you pick the right financing roofing company: one that offers honest, transparent options and quality workmanship.
Here are a few simple tips to help you handle roof financing with confidence:
We understand that a new roof is a big investment. That’s why we’ve partnered with GreenSky Financing to offer flexible, affordable payment options. If you qualify, you can even enjoy 12 months with no payments and 0% interest. This will give you plenty of time to plan and budget. Just call today to find out if you qualify!