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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

"Scheduled for December, Installed in October, High quality windows and Excellent install team. I haven't seen people work together like that in years. I am definitely impressed."

Raymond Mills
Oct 13, 2022

"The service provided by Renewal by Anderson is great, both on the sales and the installation side. Our sales representative was very accommodating and helpful. The installation crew was efficient and they all were professional. These are really nice windows and a great upgrade especially from builder-grade windows."

Brad Allen
Nov 17, 2022

"It is great to do business with a company that still cares about what they do and respects the end goals. We appreciate your craftsmanship professionalism, and cannot say enough about the wonderful experience. It was clear from the onset of the installation we got the A Team and we certainly appreciate that."

1speedwagon
Nov 17, 2022

"Everyone I worked with from setting up the initial appointment to the salesman to the installers to everyone who checked on us and kept us updated on the progress of the windows was courteous, professional, and responsive. There’s always someone who is willing to answer your question without jumping through hoops which is rare these days! The installers were on time, did a beautiful job, cleaned up the space better than I expected, and even helped me with some blinds I couldn’t remove and fixed my squeaky front door! I’ve already recommended Renewal by Anderson to friends!"

Karen Mortillaro
Nov 19, 2022

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