Now that winter is more than half over, it’s time to turn your attention to your roof. Now is an excellent time to consider how you’re going to replace it. To finance the project, you have a few different avenues you can pursue:
Cash
If you have enough cash on hand, you should consider using to pay for your new roof. The cash means you won’t have to worry about interest rates and your credit score. When you use cash for financing a new roof, you should sit down and work out a payment plan that allows you to reimburse the money to your account in a timely manner.
Bill West Financing Option
Roof replacements do not always coincide with times of extra cash and a substantial bank account. However, we have a program that will split your bill into affordable, monthly payments. This will eliminate the need to expend all of your extra cash at once, leaving some leeway in case of emergency.
Home Equity Loans
Financial experts agree that one of the smartest ways to secure the financing you need for your new roof is via a home equity loan. Since you’re using the money to do something that increases the value of your home, the bank usually keeps the interest rate minimal. Another perk to the home equity loan is that it’s a flexible financial option that usually doesn’t require you to tap into your line of credit.
Personal Loans
Many Kansas City homeowners prefer to use a personal loan when they’re financing a new roof. The great thing about a personal loan is that there are new stipulations about how you use the money and you don’t have to use your house as collateral to secure the loan.
Your Credit Card
Depending on what the limit is on your credit cards, you can use them for financing a new roof in Kansas City, but this should only be considered after you have explored and exhausted all other financial options. If you decide to use your credit cards, you should do everything possible to later secure a personal loan that you can use to pay off the balance as quickly as possible
Insurance
Consider the reason why you need a new roof. If the reason stems from storm damage, you should contact your insurance company. As long as you can prove the damage resulted in a storm, they should cover the bulk of the repair and you’ll only have to pay the deductible.
Contact us with any questions you have about how to get your roof repaired in Kansas City, Missouri.