Benefits of Roof Financing

No matter the current state of your roof, at one point or the other you will most likely have to replace it. This is by all standards a capital intensive project and will most likely destabilize your current financial status.

Replacing a roof is a massive investment and most people opt to remain with a damaged roof until they have enough money on it. However, an option that can save you from the cost and stress of paying heavily for your roof installation all at once is roof financing. Despite its obvious advantages, here are some important reasons why you should consider a roof financing plan;

Getting your project done immediately

The urgency of a roofing repair or replacement is quite obvious. The structural integrity of your building is at stake if the damage is not repaired right away.  Most people put off projects of this nature simply because they have no funds to cater for it at the moment. With a roof financing plan, you will be able to get on with the project immediately. This reduces the accumulated damage done to your home and prevents damage to properties within the building as well.

Cater to other pressing needs

Sometimes multiple needs arise at the same time and fix your roof is just one of your many problems. When you find yourself in such a situation, having the option of roof finance helps to take part of the load off your neck thus making it possible for you to focus on other pressing needs.

Work on something else in your home

Even when you have all the money needed to change a roof, think of all the other things you would be able to do with that money. Or additional things you can do when you are not constrained by your budget. A roof finance plan makes it possible for you to do this.

Get loans despite your credit score

This presents an advantage when you are torn between getting a personal loan to repair your roofing issues or simply going for roof finance. Banks, credit companies and other loan providers will only offer you loans if you have good credit score already. However, there are cases you will still stand a chance if you are going for roof financing even with bad credit. Also, a roof financing scheme isn’t as dependent on your income as a personal loan which will only be given to you after you have met several requirements based on your income level.  

Also, personal loans will take into consideration your present debt obligations. Roof financing in most cases does not put this into consideration. At the end of the day, you stand a better chance of getting roof finance than securing personal loans especially if you are already in a bad financial situation.

Conclusion

Depending on who is offering and the terms of the offer, roof financing is mostly a more convenient and cheaper alternative compared to others. However, be sure to check out the specific details before you sign up for one since the offer to vary slightly from one source to the other.

Roofing Terms You Should Familiarize Yourself With

Most homeowners are not particularly aware of the jargons used in home improvement projects particularly roofing terms. Some roofing contractors often use terms that are unfamiliar to owners leaving them confused.

Hence, before having that dreaded discussion with your roofer, it’s always best to brush up on the terms so that you understand what you’re getting into. This will also help you make informed choices before proceeding with any project.

Here are some of the roofing terms you should know.

Accelerated Weathering – When materials are exposed to certain environmental elements including water, heat, light or condensation, it can result in magnified effects. Hence, the process is called accelerated weathering. During this stage, the materials are compared and measured to its original unexposed state.

Asphalt – This refers to a roofing substance that is considered to be the most common type used by many roofing contractors in the U.S. Asphalt is composed of an organic bituminous compound used in producing shingles. Asphalt shingles are easy to install and are inexpensive.

Caulk – This substance is used in filling a void in the material.

Cement – Cement is a substance that binds the surfaces together.

Chalking – Is the degradation of an ingredient in the paint, coating, or other types of materials used.

Dead Load – A dead load is a permanent non-moving load. The load is due to the weight of the roof assembly, building structure and components as well as the electrical and mechanical equipment used. It is also the same as the term “dead weight.”

Dormer – This pertains to the small structure you usually see sticking out from the roof’s slant.

Eave – Refers to the horizontal sectional edge of a roof that extends over the outer wall of your house.

Fascia – Refers to the boards mounted over exposed rafters. A fascia to offers additional protection from various elements.

Flashing – This material is used in waterproofing a roof in order to keep it airtight.

Gutter – A gutter is also called as an eave trough. It’s a piece of structure that acts as a channel that transports the water from the roof to the downspout.

Granules – It makes up the exposed surface materials of the asphalt shingles and is usually made up of crushed rocks. Granules appear colored and protect the shingles from sun exposure and fire.

Impact Resistance – This describes the roofing material’s ability in resisting damage. Some of the most common damages occur from falling objects on the surface or foot traffic to name a few.

Truss – A truss refers to the pieces of materials that are used as additional support to the rafters.

Ridge – This describes two sloping planes intersecting in the roof. Thus creating a horizontal angle which is often referred to as a ridge.

Underlayment – This is the material installed beneath the asphalt shingles. It provides an extra layer of protection to the roof.

Vent – Installing a roof deck requires a proper ventilation system. A vent is the type of device used to functions as an air ventilation outlet

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