While a new roof is often a necessary part of owning a home, most homeowners don’t have the ability to pay cash for a new roof when the need arises. Thankfully, there are multiple ways to obtain funding for home improvements available to homeowners, and at least one of these options will fit most needs. While Cenvar Roofing doesn’t offer in-house financing, we have partnered with BB&T to provide our customers with a pain-free loan acquisition process. Here are some of the options they offer:
The first option BB&T offers to homeowners is a credit card to pay for their home improvements. This credit car has a 0% interest rate for one year, and can be a great option for the homeowner who will be able to pay off their loan fairly quickly.
They also offer unsecured loans. These loans will be given with a fixed interest rate, and terms will be agreed upon for payment. These loans are signature based, and no collateral is required.
For homeowners who have significant equity built up in their home, the home equity loan is a great option. With a home equity loan, you can be approved for a fixed rate loan up to the amount of equity you have established in your home. This loan requires monthly payments, and an appraisal which is covered by BB&T.
Similar to a home equity loan, a home equity line of credit (HELOC) is based upon the amount of equity built up in your home. The main difference, however, is that the HELOC is a flexible credit line that allows you to use what you need, when you need it. BB&T offers a low variable interest rate, and no closing costs with this option.
If you are in need of a roof replacement and have further questions about finance options, or any other part of the process, or would like to scheudle an estimate, Cenvar Roofing is ready to serve you. Our convenient office location in Vinton, VA allows us to serve the entire Roanoke area with superior service at competitive prices. Schedule your free estimate today!