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Home Improvements

Home improvement projects are a significant investment that most homeowners cannot pay for in cash.  Luckily, there are several financing options available to fund your exterior remodeling dreams!

A&A Services Home Improvement, a top roof replacement contractor on the North Shore of Boston, lists your financing options and their respective pros and cons below.

Our Financing

A&A Services Home Improvement offers stress-free financing options for homeowners throughout North Shore. During a consultation, we can discuss all financing options designated to fit your specific project.

Our financing options cover work for roofing, siding, windows and doors and will help make the entire process easier. A&A Services Home Improvement‘s in-house financing options were designed with you in mind, which means we want your home improvement projects to go as smoothly as possible, including the expense.

Mortgage Refinancing 

Mortgage refinancing is the most common financing option. You can get a cash-out if you replace your old mortgage with a new one; the amount lent to you will be the value of your home minus the remaining amount on your mortgage.

Before refinancing your mortgage, we recommend comparing the rates of your current lender with those of other competitors in the market. You can often get lower interest rates and monthly payments by switching to a lender that offers better repayment terms. Just remember to keep an eye out for hidden fees that can raise your monthly payments.

Home Equity Line of Credit 

If you already have low interest rates, you’re better off getting a home equity line of credit, which is a second mortgage that lets you borrow up to 85% of your property’s value, minus the remaining amount on your first mortgage.

You need to weigh all of your options before choosing this one, however, because if you fail to make your monthly payments you could lose your home.

Personal Loan 

For those who don’t have a lot of equity in their home and have an urgent home improvement need–such as a roof replacement, for example-a personal loan could be a viable choice.

On the plus side, you won’t have to put up your home as collateral. The downside is that personal loans usually have higher interest rates and shorter repayment time frames than the two previous options. But if you have a good credit score, you might be able to get fairly reasonable interest rates.

Another alternative is to ask your local contractor if they offer financing options.

A&A Services Home Improvement offers smart financing options and roof replacement services for homeowners. To learn more about these options, call (978) 219-2343 or leave us a message on this form. We serve homeowners in Peabody, Andover, and Salem, MA.