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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

"This was one of the best experiences I've ever had with a company. I ordered the windows in November and was told they wouldn't be here until July. That kind of delay the new norm so I wasn't a bit upset with the timeline. I was given an early present when they called to say the windows would be in at the beginning of May. We agreed on the week of May 16th to do the installation, there were 30 windows and a sliding door to install. They arrived promptly on their scheduled install date, and got straight to work. By the end of day one, they had all the upstairs windows complete and their work was incredible. Day two came with more of the same, the crew showed up promptly, got straight to work, and when they left they had every window downstairs installed. The third day they again arrived on-time, and got to work installing the door. The door and windows are perfectly installed. The two lads that did the installation did a phenomenal job, and were friendly to boot. I would give them more business if I had any :) The service I received from the company was great. They kept me abreast of anything that was going on with my order. I appreciate my concierge, Christina, she was good at communicating timelines and getting everything scheduled."

Lane Maxwell
Jun 28, 2022

"The two installers were great! They were polite and hard working and they cleaned up all the outside and inside. It was like they were never here. As for the windows, I love them, not only looks great, they are efficient. Now every window in my home has Renewal by Anderson."

Mark Palsgrove
Jun 23, 2022

"We had the pleasure recently of having Andersen replace all of our windows. From the very first interaction with the office personnel through the completion of the project, they have been nothing but professional. From Brian our sales rep to Christina the appointment scheduler, they were a pleasure to interact with. Installers Keith, John, and Evan were fantastic to work with. They went above and beyond to repair an area which was slightly damaged during the removal of a window...caulked and painted it. They took extra precaution to ensure the floors were covered while working inside and cleaned up each day inside and out. We love the look of our new windows and can't wait to enjoy the savings in utilities they'll provide. Thanks so much Renewal by Andersen!!"

Kevin Corrigan
Jun 15, 2022

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