Financing

Other Roof Financing Options

Home Equity Loans

Home equity loans can be a good choice if insurance can’t cover it, and you want to spend little out of pocket. This option is typically only for those with strong credit and steady income. Essentially, you are using your home as collateral, so make sure you continue to pay the fixed amount or you could lose your home and roof.

Personal Loan

Unlike the home equity option you don’t need to worry about your home being collateral. It’s best practice to research creditors to get the best available interest rates and terms. If you choose to go with an unsecured personal loan there is no collateral used, which means that you will probably have a higher interest rate.

Credit Cards

Probably not the best route for financing tens of thousands of dollars, but you’d be surprised how many people pay us with credit cards. If you are up to date on your finances and want some major points this is a realistic option for paying for roof repairs and in some cases the whole roofing system.