When it comes to an expense as significant as a new roof, you need options. Unless you've been able to save thousands of dollars, the cost of a Tampa roof replacement may be too large to pay upfront. That's where financing comes in to provide homeowners with a cost-effective payment plan.
Rather than put off your roof remodel and let your home deteriorate, choose a financing option to get the new roof you need as quickly as possible. Let's go over some financing options that are available to most Tampa homeowners.
Various Types of Roofing Financing Options
Lucky for homeowners, there's no shortage of options for securing financing for a roof replacement or repair. Through various lenders, you can compare and contrast factors like interest rates, loan terms, and risk. Some popular financing options include the following:
- Credit Card: A credit card is a quick and easy process for gaining financing. However, it comes with high APRs and potential transaction fees.
- Personal Loan: A personal loan can also provide quick funding and fixed rates. This option may come with higher rates and shorter loan terms.
- Home Equity Loan: These loans offer lower fixed rates than personal loans with tax-deductible interest but take longer to gain funding and your home is on the line.
- HELOC: Through this loan, there are interest-only payment options and you only repay the balance charged. This comes with variable interest rates and your home is on the line.
- Cash-Out Refinance: Enjoy lower rates than other options and tax-deductible interest. This option takes longer than other types of loans, puts your home on the line, and has higher closing costs.
- Renovation Loan: You can roll roofing costs into the loan amount with lower rates but you will pay higher closing costs and endure a more complicated approval process.
- Roof Contractor Financing: Enjoy easy approval with the builder lender and potentially interest-free options. This comes with higher interest rates and a potential lean on your house.
Trust Dynasty Building Solutions for Tampa Roof Installations
At Dynasty Building Solutions, we specialize in professional Tampa roof remodeling. Our team has over a decade of experience in the industry using high-quality roofing products and materials. We partner with groups to provide abundant financing options for homeowners. Work with us to achieve a stunning and durable new roof in Florida.
Reach out Today for a Free Inspection and Quote
At Dynasty Building Solutions, we're a trusted roofing contractor in Tampa. We have the experience and skills necessary to provide you with an efficient roof remodel. Trust our Tampa roofing company for residential roofing, commercial roofing, roof repairs, storm damage, solar, gutters, interior renovations, and water mitigation. Contact us today to get started on your project with a free quote!
Tags
Subscribe to Dynasty Building Solutions's Blog
Comments