Many homeowners are receiving letters from their insurance companies forcing them to make a painful choice: to spend thousands of dollars rebuilding their roof and facing the risk of losing their insurance.
Florida legislators proposed legislation for a special session to restructure the state’s property insurance market to create a $2 billion reinsurance fund and prohibit insurers from automatically denying coverage to homeowners with older roofs.
Four bills were proposed in the state House and Senate in Florida to create a new fund from which insurers might purchase insurance to help protect themselves against risk. The law would also allow homeowners with roofs 15 years or older to have them evaluated before insurers deny coverage. Under the proposed legislation, insurers cannot refuse to offer insurance solely based on the age of the roof if an inspection finds that it has at least five years of life left.
Castle Builders and Roofing, LLC
Castle Builders and Roofing LLC is a reroofing and roofing repair firm. The firm streamlines the construction process by providing unrivaled customer service, exceptional craftsmanship, and dependability.
The company works in the roofing business to ensure that clients’ roofing needs are handled quickly and effectively. They are committed to restoring client confidence in their roofing systems by offering high-quality goods and professional installation.
Various issues such as rot, moisture damage, and leaks jeopardize a home’s structural integrity and safety, which are stressful and costly to repair and replace. However, Castle Builders and Roofing LLC repairs damaged roofs and financing options that are cost-effective to replace a roof.
Castle Builders and Roofing, LLC saves money on roofing by partnering with EnerBank USA. The method is comparable to purchasing a new car or other significant purchases.
First and foremost, we will give you a free quote for roof repair or replacement. Following that, we’ll direct you to EnerBank, where you can answer a few questions and obtain authorization. If approved, you can select a payment plan depending on your monthly budget. EnerBank will then pay for the project, and we will begin repairs or replacements right away. Once we’ve completed the work and you’re happy, you can start making EnerBank finance payments.
The various financing options that Castle Builders and Roofing, LLC offers comprise of
24-Month Same-As-Cash Loan EnerBank USA, Member FDIC, offers credit and loans on recognized credit for a short period. Fixed APR of 17.99%, effective December 2021, subject to change. Loan amounts are limited. When money is disbursed, interest begins to accumulate. If repaid within 730 days, the claim is waived. The payback terms range from 36 to 144 months.
The loan term may be reduced if less than the entire amount of credit is utilized. The first monthly loan payment is due 730 days after the funds are delivered.
1. 12-Month Same-As-Cash Loan
EnerBank USA, Member FDIC, offers credit and loans on accepted credit for a short time. APR of 17.99% fixed, effective December 20, 2021, subject to change. The loan amounts are restricted. Interest begins to accumulate when money is distributed. Interest is waived if returned within 365 days. The repayment period ranges from 24 to 132 months. The loan period may be reduced if less than the whole amount of credit is used. The first loan payment is due 365 days after funds are made available.
2. Traditional Installment Loan (TIL)
EnerBank USA, Member FDIC, offers credit and loans on recognized credit for a short period. APR ranges from 8.99 percent to 14.99 percent fixed, subject to change. Loan amounts are limited. When money is disbursed, interest begins to accumulate. The payback terms range from 12 to 144 months. The loan term may be reduced if less than the entire amount of credit is utilized. The first monthly loan payment is due 30 days after the funds are disbursed.
3. Home Equity Loan
A home equity loan allows you to borrow against the accessible equity in your home that has built up over time; this is the difference between the market value of your home and the debt payable on your mortgage. If your loan-to-value ratio is 85 percent or below, a home equity loan or line of credit may be an option for you.
The company offers options for a home equity loan, and a line of credit can assist homeowners in financing their roofs if they have a lot of equity in their property.
Discussions with EnerBank are essential concerning the possibility of using the equity in their home as collateral for their loan.
Homeowners can frequently borrow up to 85 percent of their home’s equity, depending on the market value of their property, credit history, and salary.
Castle Builders and Roofing, LLC is a family-owned and operated roofing company that serves customers in Orlando and Central Florida. We would be delighted to provide a free, no-obligation quote for any work. If you don’t have the cash to pay for roofing services, financing can help.