A terrace from
$489/mo.
A monthly figure makes a large number legible. It does not make it smaller — so here is exactly what the arithmetic is, before you talk to anyone.
What the payment looks like
- $35,000 PROJECT
- $489/mo · 84 months · 9.99% APR
- $60,000 PROJECT
- $838/mo · 84 months · 9.99% APR
- $100,000 PROJECT
- $1,397/mo · 84 months · 9.99% APR
- DEPOSIT
- Typically 10% at contract
- PREPAYMENT
- No penalty on any of our lenders
- DECISION
- Usually same day, soft pull to pre-qualify
These figures are illustrative. Rate, term and approval come from the lender, not from us — we do not originate credit and we are not compensated for referring you. Ask for the APR and the total finance charge in writing before you sign anything, here or anywhere else.
Questions about paying for it
- Does financing change the price of the project?
- No. We quote one number whether you pay cash or finance, and we receive no commission from the lenders we introduce you to. A contractor who prices financing differently is building the finance charge into the job.
- Should I use a home equity line instead?
- Often, yes. A HELOC will usually beat any contractor-arranged financing on rate, and the interest may be deductible where the loan is used to improve the home — ask your accountant, not us. We mention this because it is true, not because it helps us.
- What does pre-qualifying involve?
- A soft credit pull that does not affect your score, usually answered the same day. It tells you the ceiling before you have spent time designing to a number you cannot reach.
Start here
Start with the
number, not the loan.
Tell us the scope and we will send a written range. Once you know the number, the financing question answers itself.
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