Frequently Asked Roofing Questions
How long can you finance a roof for?
Loan terms are going to vary by lender. Shorter loan terms mean you pay off the debt sooner, and likely pay less interest, but longer loan terms ensure your monthly payment is lower and more affordable.
While you might pay slightly more interest over the long run, many homeowners choose a 120-month term or longer to ensure payments remain within their budget.
Payment plans vary according to requirements, interest rates and terms, so it’s important to ask the roofing contractor you have in mind for more details about roof financing Austin.
Can my insurance pay for a new roof?
It depends on your policy and the circumstances surrounding why you need a new roof. If it’s because of a weather-related event, then homeowner’s insurance coverage might apply. But if you’re just looking to replace it because of age or to up its resale value, homeowner’s insurance likely wouldn’t assist with the cost. Generally, if the weather has caused the necessity for a new roof, then it’s likely you would benefit from having this cost covered. On the other hand, replacing the roof to boost its resale value or because it is out of date is unlikely to be covered. It’s important that you thoroughly evaluate what exactly is and isn’t covered in your homeowner’s insurance policy, so you are fully prepared if and when you do need a new roof.