Roofing Companies That Offer Financing

Roofing Companies That Offer Financing

Replacing your roof can be a part of a preplanned project or something you have to do under emergency circumstances. Either way, it can be a pretty significant dent in your wallet. Finding new roof financing is an essential but stressful task as it can be challenging to come up with thousands of dollars for an unplanned project. However, keeping the roof of your house intact is an essential task to ensure the safety of your family and your house from external elements. Here we will discuss some things to consider when completing a roof replacement project on your home.

The cost of your new roof will depend on a variety of factors such as:

• The size and structural integrity of your roof
• The kind of roof shingles you choose to use
• The roofing contractor you hire to install your roof
• Where you live

How Much Does it Cost to Reshingle a Roof?

On average, across the US, it will cost between $7,000 and $13,200 to replace a 2,000-2,200 sq. ft. roof on a single-family house up to two stories high. 

You can also use this ROOFING CALCULATOR to get a closer estimate of the cost of your roof replacement.

If at any point you would like to seek our advice or services, please, call us directly at 248-462-0224.

Roofing Companies That Offer Financing

We Can Help!

GRENNAN CONSTRUCTION OFFERS FINANCING OPTIONS THROUGH SYNCHRONY BANK WITH PAYMENTS AS LOW AS $200 a month.

Many homeowners tend to ignore the damage incurred to their roof until it shows signs of serious underlying issues. In other cases, some natural disasters such as violent storms or unforeseeable accidents can cause significant damage. Despite having insurance, you might be left with a substantial deductible which may be out of your budget. Seeking out alternate funding options may become necessary.

In Michigan, new roof financing options are sometimes available when working with reputable roofing companies. If you are looking for financing for your new roof in Oakland County, Grennan Construction offers great options through Synchrony for its customers.

What are the benefits of hiring us?

We Offer Financing Options For Your Roof

Here are some of the ways you can finance your roof without waiting to save up money and before it does additional damage to your home.

• Roofing Company Payment Plans

Reaching an agreement with the contractors you hire to rebuild or repair your roof is the best alternative to funding your roof. 

Grennan Construction offers financing through Synchrony Bank Bank for as low as $200 a month. Contact us at 248-462-0224 to speak with a roofing specialist.

• Insurance Coverage

Homeowner’s insurance will oftentimes cover damage caused by natural disasters. There are many factors that come into play when filing a claim.

Homeowner’s insurance generally does not cover damage resulting from lack of maintenance or wear and tear. To get a clearer picture of what is covered please read your policy or contact your provider. For a brief review of what is and is not generally covered please read this article by All State Insurance.

• FHA Title I Home and Property Improvement Loan

The Federal Housing Administration (FHA) heads the Title I loan program, which provides loans to property owners through lenders. The benefit here is that lenders are much more comfortable having a middleman that can assure they will get paid back. 

Title I program allows you to borrow up to $25,000 and have up to 20 years to pay it off as long as you own a single-family home. The agreement terms include that loans over $7,500 must be secured by a deed of trust on the property or mortgage. If you fail to make the payments, the lenders have the right to seize your assets. 

• Home Equity Loan

A cost-effective option to secure financing for your new roof is to take out a home equity loan which is applicable if you have equity built up in your home. 

Your home equity can be calculated by the current value of your home and deduct the amount of money you owe to the mortgage. You can go to a bank or any financial institution and use your home’s equity as collateral for the loan.

• Personal Loan

Another feasible option to secure funding for your home is to take out a personal loan from a bank or any other financial institution. This loan allows you to borrow up to $100,000. Another benefit of taking out a personal loan is that you don’t need to put down collateral before agreeing to these terms. It saves you from endangering your house and other assets from being seized in case of a default. 

• Cash

The last option you have depends on you having enough savings in your account to take out cash to cover the cost of your new roof. It saves you from paying interest, being in debt, or putting down collateral.

Financing your roof replacement or repair can be a long process, but doing so is essential for your safety and your family’s. So, don’t forget to contact us if you would like to know more about our services or to schedule a free quote on your project.

BEFORE ROOF REPLACEMENT

AFTER ROOF REPLACEMENT

1. Call Us To Schedule Your Free Estimate 248-462-0224

2. Review your Estimate and Schedule your project

3. Enjoys the beauty and security of your new roof