Frequently Asked Roofing Questions

Roofing FAQ

 

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 Rancho Santa Margarita.

 

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.