Home Improvement Financing

Home Improvement Financing Options for Texas Homeowners.

In the world of home improvement financing there are many choices. You have decided to give your home a facelift such as a new roof but you really can’t afford to pay all of it up front. Financing your home improvement will allow you to have a beautiful home now and pay for it over time. Well there are several different options for you when it comes to financing your home improvement. Choosing the right type of financing can be just as important as the remodeling project itself. Most of these loans are based off of your credit and debt to income ratio.

Make sure to consider all of your options before making a decision on your financing. Ask yourself a few questions before you get started. How much do you think your project will cost? What is going to be your monthly budget to pay this loan back? How long do you want to finance for? Keep in mind that a lot of options are out there even if you have little or no home equity.

Texas EZ Pay Financing Much Better Than A Home Equity

You could alway take out a secured loan like a home equity loan, but then you run the risk of losing your home if for some reason you can not pay it back. That is why the lender will place a lien on your home. If you don’t have much equity in the home and you don’t want to risk losing your home if something happened then you can always choose a credit card or a small loan. A personal loan is not secured by your home but the interest rate may be higher depending on your credit. They do however come with secured interest rates to make it easier to put a monthly payment into your budget. Also the payback period is much shorter than a secured loan.

Keep in mind that you will not be able to claim the interest on your income taxes at the end of each year. The best place to get a personal loan is from your local credit union. You can also find some help from the government to pay for your home improvement needs. The Federal Housing Administration offers two different types of loans. They offer title I loans and energy efficient loans. You can alway seek out an online lender for your home improvement financing. They will also look at your credit, but they take into consideration other factors such as education, income, and profession. Make sure you shop around for the lowest interest rate. You can do this without affecting your credit. The best method for financing your home improvement loan will depend on your personal financial situation and how much equity you have in your home.

If your credit is excellent then you can alway apply for a no interest credit card. Be sure to pay it off in the first 12 to 18 months to avoid being charged interest. If you have not so good credit then you would probably be better off with a small secured loan that has a low interest rate. Home equity loans are the most popular forms of financing your home improvement projects.

Here Are Some Home Improvement Financing Links:

LightStream – Home Improvement Loans
Wells Fargo – Home Improvement
NerdWallet – Personal Loans

Well there you have it, the good, the bad and the not so good. All of the facts when it comes to borrowing money. We hope that you have found this home improvement financing article helpful from all of us at, Texas EZ Pay Roofing!

11 Replies to “Home Improvement Financing”

  1. I like your home improvement financing post and your blog is very nice and simple. I will promote it to my facebook group. I think most of my member group will like your site. Thanks!

    1. Victor,

      We are glad that you found our blog post article most helpful. We are happy to show Houston Texas homeowners that they have options when it comes to financing for a new roof. Thanks again!

  2. Hey this financing option is just what I have been looking for. I will be calling next week when back from vacation for an estimate and then to get approved. Having said that, how long does it take to get approved sir?

    Matt Hansen

    1. Matt,

      Thank you for your comments. We can get you approved for our Texas EZ Pay 100% financing usually within one minute or less. We will be looking forward to serving you with your roofing needs.

  3. Here there Texas EZ pay company. My wife and I are liking the idea of the financing that you are offering. Can we pay this off early without some sort of penalty?

    1. Sam,

      No sir we have no prepayment penalties, closing cost or liens. We offer just a simple way for Houston Texas metro area homeowners to get their roof replaced without all of the hassle of bank paperwork. Please let us know how we can further help getting your roof replaced?

    1. Vicki,

      Thanks for asking. The Texas EZ Pay has a 1% payment factor. So, a $15,000 re roofing job will cost $150 a month. You can pay this off at any time without any penalty. Please let us know if you have any other questions?

  4. When my wife gets home we will be filling a credit app for your Texas easy pay financing. Please keep a look out for it please.

    Lee

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