Man with a calculator and notepad working on his financesRoofers LLC Partners With Hearth To Offer Financing For New Roofs and Major Roof Repairs

If you need major repairs on your roof, first check your homeowner’s insurance policy. It may be covered. Damage caused by lack of maintenance and normal wear and tear aren’t usually covered but damage by weather events often are. Only your insurer can tell you if it’s covered.

Homeowner’s Insurance Deductible

Most homeowner’s policies have deductibles you must pay before the insurance kicks in. Depending on how large it is, some people need a loan just to pay the deductible.

Minor Repairs

Smaller repair jobs are often not worth taking out loans to finance. In these cases, credit cards are sometimes a better option.

Financing a New Roof

If you don’t have a lot of time to spend lining up financing, a personal loan can be the way to go. Roof replacements can cost between $3,000 and $10,000 or even more. Roofers LLC can give you a free roofing project estimate.

Should I Consider a Loan to Finance a Roofing Project?

The best and least expensive way is to save for a roofing project. You won’t have to pay interest or fees. But sometimes it’s not possible to wait. A leaking roof needs to be fixed right away to prevent damage.

Home Equity Loans

Your home equity: For a home equity loan to be an option, you must have a fair amount of equity in your home. The lender will insist on it to provide them with a measure of security. Home equity loans are often tax-deductible, although recent changes in tax law may make the value of those deductions less than they used to be.

These are just some of the options that may be available to you. For a full range of options, check with our partner Hearth. They aren’t a lender but work with lenders to help you get the source of funds that’s right for you.

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