Your Options for Financing a Roof Replacement

When it’s time for a roof replacement, you need to do your homework. The first thing to do is to get estimates from a few different roofing companies so you can set a realistic budget.

Your Options For Financing A Roof Replacement

Remember, the lowest quote isn’t necessarily the best one. There are many factors to take into account, including the quality of the materials, the warranties and the contractor’s reputation for quality workmanship.

Whether you’re installing asphalt shingle or metal roofing, coming up with the funds can be challenging. That’s why many roofers offer financing options. Here’s a quick rundown on the most common ways to fund a roof replacement:

Company Financing

If the roofing company you choose offers in-house financing, look into it because it’s likely to be one of your best options. Financing through a roofing company is usually cheaper than getting a personal loan. Roofers can offer lower rates because they partner up with financing institutions so they can offer loans by bulk. 


Can you afford to pay for the whole thing out of your savings? If you can, then this is likely your best option as you’ll avoid interest.

Home Equity Loan

If you’re confident that the equity on your home has built up, try applying for a home equity loan to finance your new roof. The good thing about home equity loans is you can stretch them out for a number of years so the monthly payments are lower.

Home Improvement Loan

Do some research about home improvement loans you can apply for in your area. These often come with lower interest rates than credit cards or personal loans.

Credit Cards

If your roof has suffered storm damage, you need to get it fixed immediately. In such emergencies, the quickest way to pay for a repair or replacement is with a credit card. However, credit cards are also the most expensive way to pay for this project.

Need a roofing contractor? Get in touch with Mass-Tech Roofing and Building Co.​ Call us today at (781) 826-7663, fill out this form, or email us here to get a quote for your roofing or siding project.

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