Can You Finance Window Replacements?
While a window replacement can increase the value of your home and help you stay more comfortable inside of it, these projects often require a hefty investment in order to ensure you’re left with windows you love. In fact, you’ve probably found yourself asking the question, “Can I finance my window replacement?” Luckily, the answer is a resounding yes.
While the availability of any financing opportunities for your window replacement project is contingent on your credit score, homeowners usually have access to at least three options:
1. Manufacturer or Dealer Financing
Manufacturers and dealers both understand that the cost of replacement windows often precludes a full payment up front. That’s why many of them offer their own financing programs that help make window replacement projects more affordable.
Of the three financing options, manufacturer and dealer programs tend to be the most popular. That’s because homeowners enjoy having a single point of contact for purchase, installation, and payment. These financing programs usually boast fixed rates and set repayment periods as well, though you should always make sure the interest rate is acceptable before signing on the dotted line.
2. Personal Loans
If you want another option to choose from when you finance your window replacement, you can always apply for a personal loan. This option typically provides you with a better interest rate than you’d find with a credit card company, though this is largely contingent on your credit score. Homeowners with poor credit scores will often find themselves subject to interest rates as high as 36%, which might put the total cost of your project out of reach.
3. Credit Cards
If your window replacement company is comfortable with you paying off your project in installments, financing your project with a credit card is always an option. However, most credit cards come with higher interest rates than you’d find with a personal loan provider or a manufacturer’s financing program. This can make financing your window replacement prohibitively expensive in the long-run, which is why most savvy homeowners decide to avoid using plastic when paying for their new windows.
At Dreamstyle Remodeling, we offer several convenient financing options that can help you cover the cost of your replacement windows. Contact us today to learn more and get started on your project.