Keeping your roof in top shape is an important part of maintaining your most valuable asset – your home. However, roof replacements can become costly, quickly.
For some homeowners, a problem (which many of us have done) is that they received their insurance settlement for their roof and ended up spending the money.
Now, they don’t have the cash to pay for a new roof. To add to this dilemma, the roof must be completed in one year or they will lose part of their settlement money. This is the elephant in the room.
In other cases, the deductible can be very high, making the needed repairs impossible to schedule.
Whatever your case may be, we are here to help! Excel Roofing works with Service Finance Company (SFC), who specializes in financing home improvement loans. Financing options are listed on every estimate we give our customers. Each of the listed options states the loan monthly payment, loan schedule, interest rate, and overall cost.
It is very useful to know exactly how much the total cost will be, which helps determine if financing is the right option for them.
The SFC loan approval process is simple and only takes about 15 minutes. First, the homeowner fills out a short questionnaire with their Excel Roofing Project Manager. Together they call SFC to share the results of the questionnaire which determines whether or not they are approved for the loan.
The fact that the decision can be made so quickly is a great benefit to homeowners. It lets them know exactly what they can qualify for. SFC provides options that homeowners would not otherwise have available and finances homeowners with FICO’s as low as 580.
Another benefit of financing is the tax benefits. If a homeowner itemizes their deductions, they may be able to deduct the interest they pay on the loan.
Of course financing can also be used if there is no insurance settlement. If a homeowner is planning on selling the house and knows it needs a roof, it makes sense to install the roof now and finance the deal.
The new roof will add value to the home and eliminate the roof as an issue in a real estate transaction.
At Excel Roofing, we always try to provide every customer the best possible roof for the money they have available. Financing has proven to be an additional and very valuable tool in helping our customers get the roof they need.