ROOF FINANCING
 

Whether your new roof is the result of a planned project or because of unexpected circumstances, it can represent a significant, but necessary, home investment. A roof helps to keep your home and family protected from the elements.

 

ROOF FINANCING EXPLAINED

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Before diving into the reasons homeowners choose to finance their roofing project, let’s cover a few basic words often thrown around by lenders:

• Term refers to the length of time you have to repay the loan. It’s usually expressed in months or years.

• APR (annual percentage rate) determines how much the lending company is charging you for the loan of the money. It may or may not include fees, and it doesn’t include the compounding effect of interest — most interest compounds monthly. APR is a useful tool for comparing loan products.

• Principal represents the total amount of money borrowed at the onset of the loan.

• Interest is the cost of your loan over and above the principal amount.

LOW MONTHLY PAYMENTS

When you finance a new roof through Contour Roofing, you can benefit from low monthly payments. This lets you pay for your roof in installment amounts you can afford and prevents you from having to pay for a multi-thousand-dollar roof project in one lump sum.

Depending on your payment terms and credit history, you may also be able to benefit from low-interest rates during the life of the loan.

For example, an unsecured home improvement loan of $10,000 for 120 months results in a low monthly payment of $132 with a 9.99% APR*.

 

Quick Approval Process
 

Applying for roof financing can be an easy, seamless process thanks to modern technology. You can apply for roof financing online, via a mobile app, or call in, completely eliminating paperwork. You will need to provide an electronic signature. Once you submit your information, approval notices usually arrive within minutes.

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If financing your roof project sounds like something that may benefit you, speak to your Contour Roofing specialist to go over financing programs that will fit your budget!

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*APR may differ based on loan amount, term, and your credit profile. Financing is independent of Contour Roofing and not all applicants may qualify.

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