Roof Financing is Simple When You Choose Xterior LLC
Oct 9, 2020
Are you planning to put a new roof on your house due to roof damage, or just want an upgrade for your home? A new roof is an important investment as the roof is imperative to keep your house and its occupants safe from the elements. Just as with any other investment, it is crucial to do your ‘homework’ before you make a final decision. The three biggest factors to consider when researching for a roof replacement project is deciding on a roof material, choosing a contractor you can trust, and knowing all your available financing options. Once you have decided on all three of these, then you will be ready to move forward with the roof you have always wanted for your house. At Xterior LLC, we only use the best roofing materials and only work with long-proven trustworthy banks for roof financing. Call us today at 336-329-3667 to request a free estimate, or simply fill out our estimate request form found throughout our website.
What is the Difference Between Metal and Asphalt Roofing?When you plan to get a new roof for your house, the first thing you need to decide is what roof material you would like best. There are two main types of roofing materials – metal and asphalt. Each has its pros and cons. Below is a quick breakdown of the main differences between the two materials.
CostFor those looking for a more affordable option upfront, asphalt tends to be cheaper than metal to install. However, due to metal roofing’s energy-saving features, longer life span, and durability, metal roofing tends to factor out as more cost-efficient over the long-term than its asphalt counterpart.
ColorIf you are looking for a standard roof with basic colors, then asphalt is a great choice. Or maybe your HOA requires you to have a certain look or type of roof. However, for those wanting something a little more unique that has no HOA constraints, metal roof panels tend to offer a larger selection of color options.
LifespanA metal roof has a lifespan of approximately 50 years or more, whereas, on average an asphalt roof typically lasts about 20 years. As a roof is a large investment, sometimes it ends up better to choose something that will last longer even if it costs more upfront. Overall, a metal roof may calculate to cost the same as asphalt over its lifetime. This is because, during the same period, you may have to replace an asphalt roof 2 or 3 times.
DurabilityWhen installers use the proper methods and secure them properly, they can both withstand strong wind gusts. They are similar in that sense, but metal roofs are more resistant to other elements, such as, fire, hail, mold and moisture.
Why Choose Xterior as Your Roofing Company?Once you have decided whether you want an asphalt or a metal roof, the next step is choosing a roofing company. When looking for a roofing company, you want to do your research and find a company that is trustworthy and dependable. At Xterior, our over 45 years of combined experience in home improvements sets us apart from the rest of the roofing contractors in North Carolina. This experience allows us to offer clients the following benefits as a top NC roofing company:
- Stellar customer service
- Attention to detail
- Quality products
- Trustworthy and dependable
- Aware of all the latest roofing technologies
- Partner with dependable roof financing lenders
How Do I Obtain Roof Financing?Now that you know what material you want and what company you want to use for your roof replacement, the last step is obtaining roof financing. You might be wondering how much does the cost of a roof replacement impact your roof financing options. Do not worry, you are not in this alone. We are much more than just a roofer; we are a roofing company dedicated to helping you achieve the roof project of your dreams. This includes answering any roof financing questions you have and helping you secure the right roof loan. Our team will help you find the roof financing option that is right for your situation. At Xterior, we will help you determine a financing plan for your roof that includes a repayment term with which you are comfortable. We only work with the most trustworthy loan providers who cater to all types of homeowners with various credit scores. As one of North Carolina’s top-rated home improvement firms our lenders know the high quality of our work. We are a lending partner working to get the best terms for our customers, with top-quality financing companies. They understand that we provide only the best roof installations and are happy to provide our qualified homeowners with a roofing loan upon a satisfactory approval.
Benefits of Roof Financing at XteriorAs we have lenders we work with regularly, there are many benefits to obtaining a new roof loan through one of our reliable loan companies. Those include:
- Cash flow sufficient to get the roof you really want
- Low monthly payment availability
- No down payment required in some cases, allowing us to start on your new roof ASAP
- Does not bog down your current budget and bills with a large one-payment cash outlay
- Low interest rates are an option (dependent on credit score)
- Quick credit approval process
- Avoid maxing out credit cards
Roof Replacement ProcessWhether you are a first-time homeowner or have just never needed a new roof until now, you might be unfamiliar with the roof replacement process. While it will vary depending on the client and particular project, below is the typical new roof process at Xterior.
- Discuss your needs and wants for your new roof.
- Provide you with a detailed cost estimate.
- Complete roofing loan application.
- Finalize the loan term and all conditions with the bank.
- Our team will provide a detailed tentative timeline of when work will start, how long it will last, and the expected finish date.
- Roof work timeline will depend upon materials chosen, size of the house, and weather conditions.
- Contract signed with final price, so that there are no surprises at the end of the project.
- Top-quality installers complete the project as agreed.
- Follow-up from our team to ensure you absolutely love your new roof!
Frequently Asked Questions on Roof Replacement Financing
What is a roof loan?Simply put, it is a personal loan with the only purpose of providing a homeowner with financing for a new roof. Anyone who owns a house knows that mortgage, property taxes, and unexpected expenses tend to add up. If you are not able to put much money down or pay in cash, a roof loan allows you to acquire a new roof and stay on budget. Since it is a personal loan, not a home equity loan, the bank does not require collateral.
Is there anything specific I need to apply for a roof loan?The process is relatively simple and while it can vary, here are the factors most lenders look at:
- Credit score
- Cost of roof project
- Household income
- Current expenses and bills
- Reliability of contractor’s services (no lender wants to provide a loan for a project with a contractor who might leave town and abandon the project).
What should I ask or consider before signing a roofing loan?Just as with any other loan, it is important to ask about the following items:
- Interest rate
- Monthly payment amounts
- Loan term
- Any fees associated with the loan – such as an origination fee
- If there is a prepayment penalty for paying it off early
Do roofing companies offer payment plans?The best thing about a roof loan with Xterior is that most of our lenders allow for low monthly payments. This makes it much easier to pay off and does not leave you with no money in the bank in case an emergency comes up.
Can you finance a roof with bad credit?As we have built relationships with some of the industry’s best lenders, we work hard to offer our clients roof financing options for many credit situations. We understand difficult times, especially during this unprecedented year. Therefore, our financing team works hard to find you the best terms to fit your budget.
Why shouldn’t I get a home equity loan?The biggest benefit of roof financing over a home equity loan is you do not have to stress about using your house as collateral. This is especially important if you do not even have a home equity line as an option due to a change in income or unexpected debts.
More than Roofing at XteriorIf you are considering other major exterior home improvements, we offer more than just roofing services at Xterior. Our other top-quality services include:
- Vinyl siding
- Replacement windows
- Siler City