Should I Finance My New Roof

Did you know that our roofing company offers financing options to our customers? In fact, we offer several options for financing your roof replacement, depending on your needs and circumstances. Whether you want to upgrade the shingles to newer ones or create more value before selling your property, financing can help you get the money you need upfront. If you’re not sure how financing works or whether you should consider it for your roof replacement, here are a few points about how financing your new roof can help you cover the costs. 

Unexpected Repairs

A majority of roof repairs in Canada are usually emergency repairs. If you’re like most Canadians who don’t have that kind of money to dish out for big, unexpected repairs or replacements, financing can come in handy. With financing, you don’t have to wait to rely on a bank loan or until you have enough cash on hand to fix a problem that could be putting your family at risk. We offer financing options with lower rates than credit cards and even lines of credit. We also have options for those who don’t qualify for HELOCs or other financing options offered by the banks.

Costly Home Renovations

Financing isn’t just for emergency repairs – it can also be used to help offset a costly home renovation. In many cases, our refinancing options will offer better rates, more flexibility, and easier payment plans than the bank. 

Value Added

If you’re looking to sell your home in the near future, using financing to fund a roof replacement can help add more value and obtain a much higher price. And, once you sell, you can quickly pay back the remaining amount on the loan and walk away with more money in your pocket than you would if you didn’t finance. 

Higher Quality Materials and Better Warranties

Let’s say you have $10,000 in savings and are ready to upgrade your roofing materials. You get a quote from a budget roofing company for basic asphalt shingles for $10,000 at a 5-year warranty and another quote from a reputable company for higher quality materials with a longer warranty but with a price tag of $20,000. If you don’t have the funds, you might choose the more affordable option, but in the long run, that decision could cost you five times as much in repairs and energy costs. Getting financing for the extra $10,000 could help you not only get better materials that will last longer, but it could also save you a lot of money and stress in the long run. 

At Roofmaster, we offer competitive financing rates and special discounts for our customers. If you’re not sure whether financing is the right option for you, contact us today to learn more.