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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

"Renewal was fantastic! They kept you in the loop from ordering to installation. They informed you at every step of the process of what was happening. The installers were kind, courteous, and professional. Everything was cleaned up after the installation. It was as if they hadn't been there except to see your beautiful new windows. I highly recommend them."

Angie Klevorn
Nov 21, 2023

"3rd time using RBA for window replacement. Again, a very positive experience, the windows are great, the installation was done right, the professionalism was apparent from start to finish. Still have existing windows to be replaced and will definitely use RBA again to do it in the future."

Doug Dick
Nov 21, 2023

"Renewal by Andersen was a good experience for us in replacement of our windows. From the initial meeting with the sales representative, Leslie, through the waiting period for manufacturing, and then to the installment process, our experience was excellent! Communication is key for me and we were kept informed and updated as our windows were being ordered and manufactured. Calls to update us on the installation process were welcomed and appreciated. They know how much is too much so they don't pester you with unnecessary contact. We love our new windows!!! Did I say that already??😂 We can tell a major difference in reduced Street noise and also the temperature at our windows. Excellent company, highly recommend!!"

Paula Null
Nov 15, 2023

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