“7 Year Loan Financing”
Posted on 07/15/2014 at 08:16 AM by Dawn Gee
“7 Year Loan Financing”
It’s springtime, and that means it’s time to enjoy being outdoors. We’re excited to expand our unbeatable choice of payment options here at Bakeris Roofing to include seven year loans financed through us and our vendor, EnerBank. This unsecured loan has a 6.99% interest rate, and the application process can all be done over the phone. It is similar to our 12 months same as cash offer.
To get started, it just takes around 25 minutes to do a credit check. The phone representative will guide you through the process of gathering your information and going through the approval process. If you have any questions during this time, EnerBank will be happy to answer them. You can tell them exactly what amount you would like to finance—you don’t have to finance the entire cost of the roof if you choose not to. The minimum finance amount is $3,500 and it goes all the way up to $45,000.
If you are married, your spouse can also go through the same process separately, to allow for the chance to have loan amount increased. The requirements for approval are very straightforward—EnerBank will tell you if you are approved right over the phone. To make things even easier, the people at EnerBank are available to take your call until 1 a.m., even on a Saturday.
According to the stats, we’ve found that people decide not to write a check or charge the payment on their card once it gets above a certain amount of money. In those cases, people often choose to do payment installments. We rolled out the installment plan in January, and it provides the homeowner another easy-to-use tool. You don’t have to worry about all the paperwork that would be involved with a mortgage or refinance.
There is also no penalty for early payments. For example, you can decide one month that you would like to pay the remainder of the balance with no consequences. Take a look at this chart showing the monthly payment amount. If you have a $10,000 project, the monthly payments would be around $151. That is way easier to manage than the lump sum all at once. Homeowners are really starting to embrace this option.
Your credit score can be in the low 600s and you will still get approved. You don’t need to worry about having a very high credit score. Once approved, you are under no obligation to accept the offer. You can wait until you are absolutely sure you wish to accept it, and then hand the certificate over to us (or complete the process online). You’ll be completely informed of what is going on throughout the entire process.
Partnering with EnerBank has allowed both the customer and us at Bakeris Roofing to benefit from the unbeatable financing options. If you’re starting this spring season needing a new roof or roof repairs, this might be a smart decision to make. Take a look at the financing options that we offer and choose what works best for you.