The Benefits of Financing Your Home’s New Roof

Repairing a roof never comes at a convenient cost, so it’s good to know what your options are. Frank’s Roofing offers a variety of options that can help offset the cost of your new roof. 

Paying in Cash

While not our most common method, some find paying for their new roof in full the best option for their budget. If the repair or replacement is one that can be anticipated, many save up so that they are able to pay for their roof in one clean swoop. It can sometimes cost less when considering the cost of interest that would accrue if you choose to use a loan. It may also be ideal for those who may not want to add another monthly bill. 

Despite being a way to keep the total cost of your roof relatively low, paying in cash isn’t usually a realistic option for everyone. Many homeowners aren’t aware of their roof’s issues until it becomes a major issue. Others have damage occur overnight from a storm. Regardless, their roof repair isn’t one that they could anticipate and paying in full is not an option. 

Using Insurance

If you live in Southwest Florida, chances are your homeowner’s insurance policy covers roof repair. Depending on your policy, you can avoid paying the full cost of your roof if your damage was caused by certain occurrences. Commonly described as covered perils, damage caused by natural elements such as hail, wind, or fire can be paid by your insurance company instead of out of pocket. The insurance company will then require you to pay your predetermined deductible in order to receive your claim. This cost tends to be significantly less than the full cost of the repair. 

However, if your roof is damaged due to old age or lack of maintenance, your repairs may not fall under your allowed coverage. Unless a leak was caused by a covered peril, you will most likely have to pay for any repairs yourself. 

Financing Your Roof

The last option, and typically the most common option, is to finance the cost of your roof. Financing your roof breaks the cost down into smaller, manageable monthly installments instead of requiring full payment upfront. This is typically more affordable for the average homeowner and allows for your roof’s issues to be addressed immediately. The key to financing is finding a reputable lender that will work with your roofing company and not require astronomical interest rates. 

At Frank’s Roofing, we work with Service Finance to provide a stress-free financing option to our clients. Service Finance offers the simplest process for financing your home’s roof. Unlike other lenders, you don’t need a work order, proof of ownership, or even a verification call before funding. All they need is a copy of your driver’s license. Once we have estimated the cost of repairs, our staff will contact Service Finance and can have an answer to your application within 5 minutes. It’s that easy! 

Our company prides itself on our ability to make replacing your roof as stress-free as possible. As part of this, our staff handles the entire financing process. From sending the paperwork to Service Finance, to letting them know the service is completed and we are requesting payment. Many roofing companies rely on the client to sort this out on their own, but not Frank’s! We want to make sure that you’re well cared for and not left to stress because, as we always say, “Protection From Above Means Peace of Mind”. 

Interested in working with us? We offer free consultations and will apply the cost of your roof’s inspection to the total cost of your roof – making it essentially free! Our service areas include Lee, Collier, Charlotte, Sarasota, and Hendry counties. We provide repairs and installations of all roof types for both residential and commercial projects. We also do gutter repairs, installations, and added roof features such as skylights and attic vents.

Give us a call at (239) 693-7663 or send us an email to schedule your free consultation today!

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