Your home is an investment. While it provides a comfortable place to live now, it is also an investment for the future. However, the home has to be properly maintained if it is to fully benefit you. A well-maintained home saves you on costly repairs and can dramatically improve the neighborhood, significantly increasing property value.
DIY or Use a Marietta Contractor?
There are always a few home maintenance activities you can do on your own, especially light and easy ones. They allow you to save a few hundred dollars here and there. However, you still need knowledge of plumbing, wiring, heating systems, etc. in order to handle those jobs and others properly.
For bigger jobs and those beyond your ability and expertise, you should hire an experienced contractor. Finding the best contractor in Marietta can be difficult, so you need to be very careful. Look for honesty, reputation, and good workmanship, qualities that Pro Roofing & Siding are known for.
Home Improvement Financing in Marietta
When repairs are necessary for your home, you may need financing to get the job done now. You generally have 3 options for home improvement financing:
- Ask your lender to increase your home equity line of credit
- Consider cash-out first refinancing
- Pay off the mortgage on the home, then refinance with a new home equity loan
Increasing your credit line to the amount required for the improvements gives you enough money to take on the project while retaining low-interest rates on the debt. Plus, in most cases, you will not be required to pay closing costs on the loan change.
A cash-out refinancing pays off the existing mortgage and in doing so releases new money for home improvements financing. You may need to ask your lender about this. If the lender doesn’t agree to the proposal, consider refinancing both the first mortgage and the line of credit. You will end up with higher interest rates and may also pay higher closing costs, but you will also get money for the repairs.
Taking another mortgage on the home equity loan is also an option. Interest rates will increase, but closing costs should be minimal.
Financing Options With Pro Roofing
Another option for home improvement financing is to talk to us here at Pro Roofing & Siding about the financing we have available. We have partnered with Admirals Bank Renewable Energy and Home Improvement Lending to provide our customers with every advantage for financing options.
- The buying power to get what you need now
- Low Interest Rates
- Can partially pay the project and finance the rest
- Being able to borrow enough so you can do more than just what is needed
- Low minimum monthly payment (after credit approval)
Always make sure you talk to any lender in-depth before signing for any financing. It is important to understand and choose the best options for you. Pro Roofing & Siding would be happy to go over with you all the options we have.
Contact Pro Roofing & Siding today to learn more about our financing options.