Homeowners have to replace their windows for all kinds of reasons. In some cases, they get broken as the result of an accident, such as a neighborhood ball game. In other situations, severe Carolina storms cause irreparable damage. In still other circumstances, windows just get old and stop functioning the way they should. Regardless of why you’re planning to invest in replacement windows soon, it is possible that you weren’t financially prepared for the project ahead of time.
Rest assured that this is completely normal! Many people don’t save-up for window replacement jobs because they aren’t anticipating them. Fortunately, there are a variety of options available to those who need financing for their North Carolina or South Carolina window replacements. As you read this guide, you’ll learn about a few of these choices. Keep in mind that not every option is going to be the right fit for you, so it is important to do plenty of research before you make your final decision.
Work with your retailer or contractor
It is not uncommon for home improvement retailers to offer to finance, particularly in the form of credit cards. If you are investing in numerous windows, it might be worth applying for one of these, especially if there is no interest for a certain period of time. You will, of course, have to weigh whether or not you’re okay with your credit taking a hit during the application process.
If you aren’t purchasing the materials for your project on your own, another option is to see if your installation professional offers financing. More and more Carolina contractors are providing their clients with payment plans upon request. You may have to undergo a credit check to qualify, but this is not always the case.
Talk to a loan officer at your bank
Sometimes, people decide to take out small personal loans from their banks when they need to pay for remodeling jobs. If you think this might be a good option for your household, schedule an appointment with a loan officer to learn more about the choices you have. Different Carolina banks have different sorts of loans available. Some are even specifically designed for residential upgrades, so you might want to ask if your preferred bank has a home renovation loan you can apply for.
Think about a home equity loan
Home equity loans allow homeowners to borrow against the values of their houses. If, for instance, your home was worth $100,000 when you bought it and is now worth $120,000, you could potentially take out a loan of up to $17,000 (85% of the increased value). Home equity loans sometimes seem like a no-brainer for homeowners who are wanting to do remodeling jobs, but it is important to review the terms of your loan before accepting. In certain cases, the interest rate on the borrower’s mortgage can permanently change.
At Hatch Homes, our team is dedicated to helping clients with whatever we can. If you need assistance with financing, give us a call and we will answer any questions you have to the best of our ability. We look forward to hearing from you soon and hope to work with you on your next exterior renovation!