There can be a few ways that financing a roof replacement can work:
1. Home equity loans - These are loans that use the equity in your home as collateral. They are usually easy to get and have low interest rates, making them a good option for people who want to replace their roof without having to take on a large debt.
2. Personal loan - A personal loan is a loan that you borrow from a bank or other financial institution. They are usually easier to get than a home equity loan, but have higher interest rates that can add up over time.
3. Commercial loan - A commercial loan is usually a larger loan that's used for more expensive projects, such as roof replacement. They tend to have higher interest rates and stricter repayment terms than personal or home equity loans.
If you're still unsure about financing a roof replacement, don't hesitate to speak with one of our experts, we would be happy to help you figure out the best option for your unique situation.