Simple Roof Financing Options: We Make It Easy as 123

Simple Roof Financing

Simple Roof Financing:

Simple roof financing is garnering a lot of attention this season. While we have done numerous simple roof financing posts in the past, our team here at American Standard Roofing will be doing one more for homeowners.

Be Careful When Looking for Financing:

Be Careful

Our team advises homeowners to be careful when shopping for simple roof financing. It is tough enough trying to find a qualified roofing contractor and then negotiating a fair price. But, when roofing companies hear that you are financing, their whole game plan changes. Now, they want to sell you on a payment and upgrade packages. While they are at it, they will also want to sell you new gutters, windows, and insulation. Our team’s advice is simple. Take your time and do your homework like we remind our readers on our blog. There are a bunch of financial institutions ready to lend money out there for simple roof financing options. Homeowners just need to research well before deciding.

What Homeowners Should Do:

Today's Lesson

While there has been a crack down in the finance industry, the home industry still has many predatory lenders. We still see a lot of deceptive practices and tricks being used for simple roof financing. In our previous articles we have discussed what type of financing you should ask about when looking to purchase a new roof. In summary:

  1. Homeowners should make sure the loan is simple interest.
  2. Make sure it is an unsecured loan with a fixed interest rate.
  3. Before getting to details regarding loan, homeowners need to make sure they are purchasing good quality product from a reputable company. Always make sure you are getting a fair deal.
  4. Tell the prospective contractor that you will be financing but do it at the end. If you disclose this information to early they can either try to take advantage of you, or sell you things that you just may not need.

In short, our team suggests advises that there are costs involved in financing that need to be taken into account. Homeowners have to decide if that is the best way to go or not when considering simple roof financing.

Always Negotiate!

Negotiate

Our team advises that homeowners negotiate their best deal based on the total, final price. Do not let amount of monthly payments be a decider. This is common trick used to deceive customers who are looking for simple roof financing. A small monthly payment may sound good but it adds up in the long-run. It is even worse if you have to pay fines on it in case you get late.

Be Careful With Down Payments:

Cash or financing

Our team also advises that homeowners be careful about giving the contractor any money up front when financing. There have been instances in the past where customers have been duped to pay inflated payments mid way through the project after they have made a hefty amount as down payment. Always remember, having an open credit line doesn’t mean you can be taken advantage of. Stick with the total amount at the start of the project till the end of the project.

We’re here to help!

ASR Logo

Now that you know what to look for in a loan, you can apply directly through our website. We are licensed, bonded and insured contractors. We will find you the best roof loans for bad credit available. We’re Michigan’s #1 roofers. We have been in business for over 36 years. We know the right people who can get you financing. Call us today at (248) 350-2323. Or CLICK HERE. We’ll get you approved!

Roofing Loans Financing Click Here

Roofing Loans Financing: A Guide for Homeowners

Roofing Loans

Our team here at American Standard Roofing discussed types of roofing loans financing in an earlier post. We have also discussed in depth the options homeowners have when looking for roofing loans financing ways and methods here. However the topic generates so much buzz that we decided to go over it another time and explore it a bit further. We see plenty of homeowners looking for roofing loans financing and related information. That is why our team of experts have come up with a few tips that will help deciding based on different situations.

Don’t Get Caught Off-guard Between Roofing Loans Financing:

The biggest piece of advice we can give homeowners is this: never get caught off-guard. It is very easy to make a poor decision when it comes to roofing loans financing. Homeowners often feel rushed and pressured. Misguided advise from salespeople, and even friends at times, can result in some hasty and regrettable decisions. Not to mention, even at the slight hint of getting a new roof salespeople swarm you with deals, sometimes being extremely pushy. But, remember this: do your homework and get multiple quotes no matter how much the salesperson might tell you that this will waste you time and opportunity.

Don’t Get Pressured Into Signing Anything:

As we explained earlier, always do your homework. And if you have, feel free to sign the contract if you think that is the best deal being given to you when looking for roofing loans financing. However, if you are unsure, do not let pressure tactics get to you. Rule of thumb is to never sign the contract with anyone simply after just one estimate and quote. If you have a beautiful home interior and can see a dripping leak, do not panic. This situation should not let you make hasty decisions. Find a way to make temporary repairs and do not start on your project until you have done your complete and through research on best prices, deals and options available to you for roofing loans financing.

Always Look Over the Fine Print:

It is essential that homeowners take the time to look over the small and fine print when signing for roofing loans financing. Our advice is simple. Take all the information that the estimator wants to share with you, and then look it all over with a fine toothed comb when you are by yourself. You do not need anyone trying to sway your opinion or to misguide you when it comes to the small print on the contract.

Important Factors Homeowners Need to Check:

A few things that homeowners need to focus on are term length, the interest rate, and general loan provisions when looking for roofing loans financing. There are a few questions and issues that homeowners need to ask and check irrespective of any circumstances or factors:

  1. The rate for homeowners. Is it fixed or a variable rate? It matters because variable rate can change after a certain period of time. Fixed rate remains the same for the duration of the term.
  2. Homeowners need to check if there an early termination fee or prepayment penalty for the roofing loans financing they are getting. Sometimes homeowners want to pay off the loan early. If that’s the case, make sure there is no associated penalty in roofing loans financing.
  3. Another important one is if there are any other upfront charges for taking out the loan. If possible avoid having those set in the roofing loans financing terms.
  4. This is a big one. We always advise going for an unsecured loan. That means if possible, you do not have to put your property as a collateral or guarantee. That way, if God forbid homeowners are unable to pay, their home is not placed as lien on property.
  5. Always check if it is compound or simple interest loan.

Always Go With Licensed Contractors:

Always go with licensed, bonded and insured contractors, especially when looking for roofing loans financing. The reasons are simple:

  1. Properly licensed, bonded and insured contractors will have a certain rapport with lending institutions. This is more applicable if the contractors do a lot of volume work and have a lot of projects going on.
  2. These contractors are able to choose for the best interest rate and terms with minimal effort. This is because they have options they can choose from.
  3. Such contractors have a reputation in the industry. They have a customer base which they do not want to upset. This is why they will work harder for the customers to get business and find best options in the market.

We’re here to help!

 

Now that you know what to look for in a loan, you can apply directly through our website. We are licensed, bonded and insured contractors. We will find you the best roof loans for bad credit available. We’re Michigan’s #1 roofers. We have been in business for over 36 years. We know the right people who can get you financing. Call us today at (248) 350-2323. Or CLICK HERE. We’ll get you approved!

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