As the leading and trusted roofing company in Hattiesburg, Petal, and Purvis areas, Matlock Roofing understands that replacing a roof is a significant investment. Whether it’s a planned project or an emergency replacement due to severe weather damage, a durable and resilient roof is essential to protect your home and family.
To make the roof replacement process easier, affordable, and stress-free for you, we offer the best financing options to our customers so that you can get your dream roof without breaking the bank.
Financing Your Next Roofing Project
When it comes to investing in a new roof, several factors come into play. All of these factors ultimately affect the amount of money required for the project. These include:
- The size and complexity of the roof
- The type of shingles you use
- The roofing contractor you hire. Remind that labor rates vary among pros.
- The region where you live
Since a roof plays a very crucial role in the overall structural integrity of any building, it requires a significant investment in order to ensure reliable and long-lasting results. Most importantly, you cannot afford to cut corners during a roofing project. And that’s why financing your next roof is a wise choice
How Can You Finance Your Next Roof?
The first step is to understand some important concepts about roof financing to make informed decisions. Here are some key terms that you must know:
- Loan term: This refers to the period of time that you have to pay back the loan. It is usually expressed in months or years.
- APR: The annual percentage represents the total cost of borrowing money, including fees and interest charges. It is expressed as a percentage of the loan amount.
- Principal: This is the total amount of money that you borrow at the beginning of the loan.
- Interest: Interest is the cost of the loan, in addition to the principal amount. Make sure to understand the interest rate and how it affects your monthly payments and the total cost of the loan.
By understanding these core concepts of financing, you can enjoy a stunning and functional roof that will protect your home and family for years to come.
Why Roof Financing Can Be a Good Idea
Our financing options offer several benefits including:
Low Monthly Payments
With low monthly payments, you can pay for your new roof in affordable installments. This means that you won’t have to pay thousands of dollars in one go. Moreover, depending on your payment term and conditions, you could also benefit from low-interest rates over the loan life.
Defer an Upfront Payment without Interest
If you want to defer an upfront payment and avoid interest, then our loans with 0% financing up-front with no prepayment penalties are an ideal option. When you opt for these loans, you can postpone payments during the first part of the loan, and take advantage of six months of no payments and no interest.
What’s more, you can pay off the entire loan, at zero interest, as long as you’re within the six-month deadline. After the deadline, you can start making regular monthly payments at a new interest rate.
If you want to finance your next roofing project but don’t have the funds to get started right away, you can take advantage of loans with a delay payment option. With these types of loans, you can postpone payments for a set period of time. This will allow you to begin your project without having to worry about immediate payment. After the delay period is over, you can start making regular payments at the agreed-upon interest rate.
Quick Approval Process
Thanks to modern technology, the process of applying for roof financing has never been easier. You can easily apply online through a simple and intuitive mobile app or by just calling in. These technologies have eliminated the need for paperwork significantly. Even better, you can use an electronic signature to complete the application process. Once you have submitted all the needed details, you will typically receive approval notices within just a few minutes.
An Investment with Attractive Returns
By choosing roof financing, you can enjoy a range of benefits that will help you address your roofing needs easily and effectively. Consider the following advantages:
- Increase the value of your home by improving the overall appearance and functionality of your roof.
- Resolve any existing roofing problems, such as roof leaks or damage.
- Get the roof of your dreams without breaking the bank.
For more information about roof financing, get in touch with an independent roofing contractor like Matlock Roofing in the CertainTeed Roofing Contractor Network near you. Our trained and certified professionals will guide you through the entire financing process so that you can select the best financing option for your roofing needs.
How long a roof-financing period can be?
Depending on the lender, loan terms vary. With shorter loan periods, you’ll pay your debt sooner and pay less interest.
On the contrary, longer terms mean lower and more affordable monthly payments. Over time, you might pay more interest. However, many homeowners prefer this option to keep payments within their budget.
Do roofers offer payment plans?
Some independent roofing contractors in the CertainTeed Contractor Network offer payment plans. This way, they make roof replacement costs more affordable.
Are you interested in a payment plan? Ask your roofing company how you can finance your next roof and what you have in mind since these plans vary according to requirements.
Can my insurance pay for a new roof?
It depends on your policy terms and conditions and the reasons why you need a new roof. Your insurance coverage may apply if the replacement is due to a weather-related event.
But, if you want to replace your roof because of age or to up your home’s resale value, homeowner’s insurance likely would not apply.