BY FABRICIO DE ARAUJO
Now is a good time to replace your windows, and you will save money in the future with new energy-efficient windows. Since you are most likely spending more time at home, you have probably been thinking about ways to save money and make your home more energy efficient. Replacing old, single pane windows should be on the top of your list. New, energy efficient windows can improve your home’s curb appeal, make your home more comfortable and reduce your energy bill.
Let’s look at some options for paying for new windows.
Obviously paying cash should be the first thing to consider. If you have been saving and have the extra cash to purchase windows, then you can avoid paying interest and fees. In these uncertain times, it is important you make sure you won’t miss that extra money.
If you have a home equity line of credit, you could use that account to pay for your windows. If you don’t already have a line of credit established and have a good payment history, you could apply for a line of credit or refinance, and release some money for the new windows. Make sure you check on the amount of time you have to repay it, what the interest rate is, and understand that you are putting your home up as collateral.
You could also use your credit cards to pay for the new windows and window installation. Since you already have the cards, you won’t have to wait to make the purchase. Keep in mind that the interest rates might be high. You should also calculate how much the windows will cost once you add up all of the interest you will have paid over the time it takes to pay it all off. It may not be the best option in the end, but do the math.
If you live in an area where Ygrene financing is available, then this PACE financing might be a good option for you. PACE stands for property assessed clean energy, and since windows can qualify as an upgrade that makes your home more energy efficient, this means you can finance this home improvement project through Ygrene. The process to see if you qualify is simple, fast and convenient. You call Ygrene with a salesperson from the window company, and in a short time, 30 minutes or less, you may be approved for 100% financing and no money down. Keep in mind, eligibility is based on the equity in your property, and no credit check is required to see if your property is eligible. If you decide to proceed with this financing, Ygrene will then order a credit report to verify your underwriting eligibility, and they may also verify your ability to pay. The other good news is, depending on when your window project is completed, you might not be required to make a payment for up to 12 months or more. With Ygrene financing, you’ll be able to afford the new, energy efficient windows and pay for them through your property tax bill. Keep in mind, if you are considering selling or refinancing your home in the near future, the balance may not be transferable or the mortgage company might require you to pay off the balance.
As you can see there are many options to pay for your windows, so don’t wait to get started. Take advantage of the options by contacting Custom Exteriors and make your home more comfortable today.