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4 Ways to Finance Your Window Replacement Project

Obtaining and installing replacement windows for your home is a difficult task and a significant investment for any homeowner. Not only will it require a large amount of time to complete, but one will also need a large sum of funds. Unfortunately, not every homeowner has those funds on hand. Not to worry, however, as there are actually a number of ways you can fund a window replacement project.

  1. Credit Cards – If you don’t have the required amount in cash to finance your window replacement project, there’s always the option of using a credit card. A lot of people opt for this option because some window companies can offer them a large amount of time to pay in installments, and you won’t even have to apply for a new credit line. However, keep in mind that having too much debt on your credit cards can also easily harm your credit score.

  1. Manufacturer Financing Programs – Some window replacement service providers will offer homeowners their own payback plans to help them pay for their window replacement products over time. One of the advantages of this is that you know exactly how much you’ll be borrowing, and the process is a lot smoother as well. Unfortunately, some dealerships may have high interest rates so carefully consider if this is the option you want.

  1. Federal Housing Association Loans – Loans from programs like the Federal Housing Administration (FHA) can help provide loan schemes for homeowners who need to borrow money for renovation projects like window replacements, which can cost up to $25,000. These loans usually have lower interest rates compared to credit cards, but you’ll have to deal with a lot of red tape to get the loan. Apart from that you may also have to put up your mortgage deed as collateral if you’re borrowing an amount that exceeds $7,500.

  1. Bank Loans – Bank loans are another popular financing method that homeowners gravitate to if they’re in need of funds to replace their windows and other small scale home improvements. An advantage of getting bank loans or personal loans is that you won’t have to offer your home as collateral. However, the interest rates may be higher, and in order to be eligible, an outstanding credit may be required.

For assistance in your home window replacement plans, simply turn to Renewal by Andersen® of Southwest Missouri. We are your number one provider of various door and window styles. Give us a call at (417) 351-2801, or fill out our contact form to schedule a free consultation.

Reviews

"Great workmanship on windows installation is done very professionally by excellent crew. Installed in a very timely manner. Excellent company to deal with."

Roy D
Feb 14, 2023

"The Springfield team was wonderful to work with , professional , friendly and knowledgeable. They all seem to take great pride in their work. These new windows are fantastic, they look great , operate so easy and the energy efficiency was noticeable from the very first day . Thank you Renewal by Andersen for transforming our home and our lives."

Pam S
Feb 15, 2023

"After years of watching the wind move my drapes and hours of difficult cleaning, I decided to get new windows. I went with Renewal by Andersen because of the great reviews and quality. From Brent who did the consult, Gideon who did the measuring, to Jason, Josh, and I apologize I can't remember the third installers name, this is the most professional company I've ever worked with. I own a 1994 double wide mobile home, so everything in this place is hard to work with. I had a bay window, 6 double hung, 2 awning, and a front door replaced.. They said it would take 2 days and they were done on time! I did have second thoughts about doing this mainly because of the cost, but once it was done, I was very happy I did this."

Gary S
Feb 18, 2023

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