Companies that Offer Window Financing and Loans in Virginia Beach VA
Getting financing for your windows can help you fix your windows before they get any worse. Read on for the benefits of a company that offers window financing
Is your Virginia Beach home stifling during the summer months or feeling too drafty and cold come winter? Do you need new windows for your Virginia Beach home? Or perhaps the overall look of your home is in need of a face-lift. It may be time to consider window replacement and your window financing options.
The first question that probably comes to mind is – how am I going to pay for this?
We all know that home improvement projects cost money, money we don’t always have in our back pockets. That’s why financing made available for life’s necessities is so great!
Replacement windows are not only an investment in the functionality of your Virginia Beach home but also in the overall appearance and can increase your home’s value in the future.
Now, we just need to figure out when it’s time to replace your windows and what your window financing options are.
The Time For Your Home Window Loan is Now
Warped, old, damaged, costly, outdated. All signs that it’s time for window replacement. The rule of thumb is that windows last anywhere between 15-20 years. Finding a company that offers warranties, as well as years of experience and high-quality products is in your best interest.
Being a coastal city like Virginia Beach, window replacement may be required sooner rather than later. Temperatures, wind, and rain can all affect not only the efficiency of your windows but also the aesthetic appeal.
There is the rare occasion when a window can be repaired vs. being replaced. Needing new hardware or weatherstripping is often a minor, repairable issue when it comes to windows. But if you’re experiencing condensation build-up, drafts or windows that either won’t close or won’t stay open, then clear replacement is your best bet.
Let’s discuss the cost of window replacement and some window financing options.
The Bottom Line
The average homeowner spends $4,995 on window replacements, though the cost can range anywhere from $5,602 to $20,404. Like the old adage says, you get what you pay for.
Preservation Windows are an ENERGY STAR qualified option that helps cut heating and cooling costs, which is an excellent way to help counteract the initial cost of installation. Preservation windows also provide peace of mind with a lifetime transferable warranty and custom styles.
As an exclusive brand, there are only 40-50 companies offering this product worldwide. Top dealers will receive the Preservation Dealer of Distinction award.
ENERGY STAR windows also help protect the interior of your home, which will prevent furniture and flooring from fading due to sunlight. Replacing windows in your Virginia Beach home can lead to almost a complete return on the home if it is sold.
Show me the money
A great way to help secure the funds necessary for window installation is by financing a loan for home improvements. There are a variety of affordable loan options available including unsecure loans and 0% same as cash programs.
Unsecured Loans For Windows
Unsecured loans can be beneficial when you have no collateral to use. These types of loans are based solely on an individual’s credit. If you have good credit history, this might be a viable option for you.
Financing Same as Cash Programs
What’s nice about this payment option for your window project is that, if used correctly, you won’t ever pay a dime in interest on your loan. If you finance your Virginia Beach windows for a certain period of time and make all your payments on time, then at the conclusion of the contract, it will be the same as if you had paid in cash. No muss, no fuss.
In-House Company Financing For Replacement Windows
Often times the company you choose will provide window financing options. The appeal of some Virginia Beach window companies is their ability to help you finance your project with flexible terms, payment options and low rates.
Rebates on Windows
There are also rebates available through some state and local utility companies. Your new windows may also be eligible for a tax rebate come tax season!
Borrow against retirement
There are other, more risky options, to securing money for your window installation, but there are options nonetheless!
These include borrowing against your 401K. Contributors can borrow up to 50% of the balance or $50,000, whichever is less. The beauty of this option is that an impressive credit score is not a requirement! And the interest rate is 1 percent over the prime rate.
The risk? If you unexpectedly lose your job, you may be required to pay back the loan in a hurry! Some employers may have certain stipulations or requirements before allowing you to borrow against your retirement.
Home Equity Options For Replacement Windows
Looking for window financing to either improve the appearance of your Virginia Beach home or its energy efficiency? Or both? Search no more! The answer may lie right inside your home – in its equity.
A quality home improvement company will allow you to use your home’s equity to finance necessary projects, including window financing!
Borrowing against the equity in an existing home to improve it can be beneficial for many reasons. Often times home equity loans offer a lower interest rate than other lending options.
As of September 2016 the fixed annual percentage rate of home equity loans ranged from 6.64% – 9.74%. This is relatively low compared to the average cash back credit card interest rate, which can range anywhere from 12.99% to as high as 22.99%.
Do your research
The best way to get a handle on the cost to finance windows in your Virginia Beach home is to get an estimate. Most reliable companies will offer a free estimate, where they will discuss product and finance options, as well as provide warranty information and their design expertise.
A customized estimate can help provide you a clear understanding of the cost and scope of the project.
Bow and Bay and Box, oh my…
Who wouldn’t want to snuggle up on the pillow-top bench of your newly installed bay or bow window and enjoy the beauty of your Virginia Beach home? Knowing that your house gained not only curb appeal but energy efficiency as well?
Now that you’re armed with the information needed to obtain window financing, you can turn your attention to the fun stuff – shopping for options!
Double-hung vs. garden.
Slider vs. casement.
Bow vs. Bay.
And don’t even get me started on trim color, valances, blinds, and curtain choices!
You can now rest easy and shop confidently knowing you are making an investment in your Virginia Beach home that will see a return in the future!