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5 Ways to Finance Your Window Replacement Project

Whether you’re getting a set of new windows, patio doors or a complete home remodel, you will need to secure funding for it. If you don’t have immediate funds available, there are several ways you can pay for your project. 

  1. Cash — Cash remains the best financing option since there are no further obligations once you have paid upon completion. It is also the most difficult option as saving up for a project can take years. When choosing cash as a payment option, be wary of contractors who ask for full payment upfront. A legitimate window company will ask for a downpayment, followed by one or two installments after milestones like delivery of materials, culminating in a final payment upon successful completion.

  1. Credit Card — Credit card payments are good for projects that cost $15,000 and lower. In addition being payable in one or two years, and may even make you eligible for zero-interest payment plans. Many homeowners prefer using their credit card for small to medium projects, such as getting new French doors.

  1. Personal or Unsecured Loan — Personal or unsecured loans do not require collateral (hence, “unsecured”), but the loan amount can be limited, up to $50,000. The qualification process is easy, and the payment period can usually be set to an affordable monthly rate. However, this type of loan tends to have the highest interest rates. Personal or unsecured loans can usually cover the cost of window replacement for an average-sized home.

  1. Secured Loans — Secured loans require collateral, which, in most cases, is the home itself. If you plan on undertaking remodeling projects that cost more than $50,000, this is your best option. There are three types of secured loans: cash-out refinance (recomputing your existing mortgage, which puts it back to square one), home equity loans or home equity loan (HEL) (basically like taking a second mortgage on your home, payable in as short as 15 years), and home equity line of credit or HELOC (which is like HEL, but with a revolving line of credit).

  1. Contractor Financing — Not all window replacement companies offer project financing, but those who do use trusted financing partners as lenders. For many homeowners, contractor financing is a great option for projects on short notice or if you are anticipating unplanned repairs during window installation.

Renewal by Andersen® of St. Louis is your leading provider of replacement windows and sliding patio doors. Give us a call at (314) 332-2364, or fill out our contact form. We serve customers in St. Louis, MO, and surrounding areas.

Reviews

"The installation crew was very professional and answered what questions I had. And they cleaned up when they were finished. We're very pleased with our windows & patio doors. Highly recommend Renewl by Anderson."

Pamela D
Feb 13, 2023

"Very pleased with installation of six windows and a ProVia entry door. I love the look of the windows and door. I am pleased that my wife is thrilled with the look of the door. She is very pleased that the bronze color fits in well with the color of the brick."

Terry S
Feb 8, 2023

"I just had my Renewal by Andersen windows installed and couldn’t be happier, the entire process went very smoothly. The windows are high quality and look great. But the installers Roy, Zack and Jordan were the stars, they introduced themselves upon arrival walked me thru everything they were going to do and when they finished took me to each window to make sure I was completely satisfied. They were clean and courteous and I would definitely recommend and have them work in my home again."

BOB B
Feb 6, 2023

"Wonderful experience with knowledgeable, competent employees. We had Andersen windows in a previous house & didn’t even consider anything else this time. After replacing our patio door almost two years ago, we replaced all our windows this year. What a difference over builder-grade windows, especially in the really cold temperatures we’ve had this year. Andersen windows may be a little more expensive than other brands, but they are top quality."

Susan S
Jan 31, 2023

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