- About RRG
- Meet Our Team
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- How To Fix Lightning Damage in Your Home
- Why is There Water in My House?
- How Can I Conduct a Thorough Roof Inspection
- How Can I Protect My Roof from Heavy Rain?
- How to Identify Hail Damage on Your Roof
- How Can I Prepare for Unexpected Emergencies?
- Are Gutter Guards Worth the Money?
- Can the Right Roof Help My Home Stay Cooler This Summer?
- Do I Need to Clean My Gutters?
- How Does the Sun Affect My Roof?
- How Can I Match My Roof to My Home Style?
- Roof Inspection Tips for Storm Damaged Areas
- How Often Should I Clean My Gutters?
- How Important is Attic Insulation?
- Should I Repair or Replace My Roof
- What Are the Best Places to Add Skylights in My Home
- 6 Things New Homeowners Need to Know About Their Roof
- Everything You Need to Know about the Gutter Helmet
- What are the Best Types of Roofing Materials?
- Roof Replacement Prices in Georgia for 2023
- How Much Does It Cost to Replace an Asphalt Shingle Roof in Dahlonega Georgia?
- What are Roof Reinforcement Methods to Protect My Roof in a Storm?
- What Factors Can Affect My Roof Replacement Costs?
- What Should I Know About a Roof?
- Synthetic or Asphalt Felt?
- Improving Attic Ventilation
- Why Does My Roof Leak in Heavy Rains?
- Reason Asphalt Shingles Are the Most Popular Roofing Material
- Everything You Need to Know Roofing Warranty Guide
- Ways To Identify and Handle Storm Damage to Your Roof
- Get Your Roof Ready for Spring
- Seamless Gutters vs Regular Gutters
- Tips On Saving Money on A New Roof
- Increase the Value of Your Home with Quality Metal Roofing
- What You Need to Know About Commercial Roof Maintenance
- Learn Fun Facts to Know About Roofing
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- Different Types of Gable Roofs
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- Do You Have Homeowners Insurance?
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- Reason to Leave Roof Repairs to the Experts
- Learn Reasons Why Gutter Guards are Essential for Your Home
- Learn What Questions to Ask a Roofer Before You Hire
- 10 Points to Know Before Your New Roof Installation
- Understanding Written Roofing Proposals
- Spring Cleaning Checklist for Your Roof and Home
- Why Every Property Manager Needs a Trusted Roofer
- Standing Seam VS Corrugated Metal Roofing Understanding The Key Differences
- Choosing the Most Fire Resistant Roofing Material
- 3 Things You Should Know About the Roof Inspection Process
- What is the Lifecycle of a Roofing Shingle
- A Metal Roof is a Smart Choice for Georgia Homeowners
- How Much Does a Roof Replacement Cost in Dahlonega Georgia in 2023?
- What Weather Decides If You Need Roof Replacement?
- Common Roofing Terms Demystified
- Types of Metal Roofs Top 5 Options to Consider
- How to Stop a Leaking Roof During a Storm
- Metal Roof Maintenance Tips for Homeowners
- Roofing Terms Made Simple
- Are Replacement Windows Worth it?
- Metal Roofing Pros and Cons
- Top 5 Reasons Why Most Kitchen and Bathroom Consultations Are a Waste of Time
- Why Is My Roof Leaking?
- The 3 Main Types of Asphalt Shingles
- The FIVE Biggest Risks You Take When Doing Your Own Roof Repair
- 4 Things to Consider While Choosing Your Roofing Shingles
- How Long Should a Roof Last?
- Why Its Important to Keep Your Roof Clean
- Does a Metal Roof Attract Lightning?
- 3 Ways Roof Maintenance Can Make Your Life Easier and More Comfortable
- Roof Safety Tips for Holiday Decorating
- A Customer Testimonial of Loving Windows
- The 5 Biggest Problems Caused By Clogged and Overflowing Gutters
- 9 Types of Metal Roofs
- Hip vs Gable Roof What are their Differences?
- Complete Comparison of 3-Tab vs Architectural Shingles
- Understand How Summer Weather Impacts Your Roof
- 10 Tips to Prepare for a Home Roof Replacement
- Are Clay Tiles The Right Choice For Your Georgia Roof Replacement?
- Should You Choose Asphalt Shingles For Your Roof Replacement
- 6 Big Advantages of Choosing A Metal Roof From Your North Georgia Roofer
- What Tools Do Roofers Use During Roof Replacement?
- Top 5 Reasons People Call A Roofing Contractor
- Prevent these 6 Common Winter Roofing Problems
- How to Clean Skylights
- How to Get Rid of Ice Dams Fast
- What Types of Roofing Materials are Currently Available?
- Our Reviews
What Are My Financing Options for a New Roof?
In the event that you need to replace your roof, you may wonder what your financing options are. It is nevertheless possible to perform this common home improvement without draining your bank account. There are many roof financing options for Dahlonega, GA to Murphy, NC that can help you complete your roofing project.
Let’s take a look at the typical roofing financing options below, so you can decide which one is best for you.
8 Ways to Finance a New Roof
Common Roofing Problems for Residential Roofs
It is important to inspect your roof thoroughly before attempting to fix problems. One of the things we look for during an inspection is common to leak sources, such as:
A fixed amount of money can be borrowed with these unsecured loans, and you can pay it back over a set period. There will usually be a few years before the payment is due. It is possible to obtain roof financing loans from Service Finance.
A personal loan does not require collateral, so you don’t have to risk anything. These loans also come with lower interest rates than credit cards.
It is common for personal loans to have higher interest rates than home equity loans. Interest paid on a personal loan cannot be deducted from your tax return.
Home Equity Loan or Home Equity Line of Credit (HELOC)
Over time, equity builds in your home, allowing you to borrow money against it. In order to determine the loan-to-value ratio, the sum will be evaluated.
Since the home serves as collateral, home equity financing tends to offer lower rates than other roof replacement financing options. A solid credit rating and steady income are also required since your home is the collateral for the loan.
In the event that an unforeseen event causes the replacement, such as a hail or windstorm, an insurance claim can assist you in obtaining funding. You should be aware that homeowners insurance does not provide coverage for wear and tear on your roof.
Your home equity can be used to refinance your existing mortgage and obtain a new mortgage for a higher amount than you owe, taking money out of your equity. If the surplus is sufficient, you can use it to finance the replacement of your roof. There is typically a lower interest rate on these loans than on Home Equity Lines of Credit or Home Equity Loans. Mortgage interest deductions may also be available to you.
Doesn’t your home have enough equity to allow you to borrow against it? There may be a government-insured fixed-rate FHA loan available to you. Minimum credit scores are lower than those required for conventional loans. Nevertheless, your debt-to-income ratio must be below 45 percent.
The maximum credit limit on credit cards is higher than the maximum credit limit on personal loans. In the long run, you could save quite a bit of money if you can secure a card at 0% APR for the duration of the financing.
A roofer can work with a bank to help you cover the cost of replacing your roof based on your budget and project expenses.
Banks and other lenders are unable to offer better payment terms than financing companies due to volume lending.
What Are My Financing Options for a New Roof? Should You Pay for a Roof with Cash?
When you pay cash instead of taking out a home equity loan, your interest payments will be lower.
A significant investment like a new roof replacement is not affordable for most American homeowners due to financial limitations. As a result, most people can’t take advantage of this in many cases.
Roof Financing Through RRG
Providing you with the peace of mind you deserve, want, and expect is what we do at RRG.
We understand how stressful it can be to replace a roof. Our roof financing options are as simple as possible, so we can accommodate every homeowner’s budget. With our financing partners like Service Finance and Hearth RRG, we can offer you attractive financing rates.
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Our Financing Options
The RRG team determines what’s best for each homeowner based on their budget. The range of services we provide includes term loans as well as credit lines.
Our company can help you get low monthly payments if you finance $5k or more.
The following are some of the major advantages of funding through RRG:
Due to our volume with the financing companies, RRG can provide you with special rates and packages.
Many smaller roofing companies are not able to offer competitive rates due to a lack of volume and do not provide financing.
RRG understands your privacy.
A financing company like Service Finance uses a web-based contract solution with end-to-end encryption to allow homeowners to apply for credit via an iPad or iPhone.
Through Service Finance’s client portal, your paperwork is sent directly to them.
Your personal information is completely private at RRG Roofing, giving you an extra layer of protection.
The roof financing options at RRG are clearly explained to make sure you are comfortable with them.
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What Are My Finance Options for a New Roof? RRG Makes Roof Replacement Financing Easy
If you are wondering what my financing options for a new roof are, RRG is here to answer your questions. If you live in Georgia or North Carolina, you can apply for new roof financing with RRG. You can find out which roof financing option can help you make your dream of an upgraded roof a reality by checking out our current promotions or by calling RRG at 678-325-6949.