High Interest Rates and Home Maintenance: Financing Your New Steel Roof
Your home’s roof is your first line of defense against the elements. In Ontario, that defense is invaluable. At Hy-Grade Steel Roofing, we understand the significance of protecting your investment with a roofing solution that will survive the long-haul. Our commitment to excellence and quality craftsmanship has made us leaders in providing steel roofs for homeowners seeking durability, sustainability, and long-term value.
Why Steel Is Better Than Asphalt
Traditional asphalt roofing might seem cost-effective initially, but its short lifespan pales in comparison to steel. Unlike asphalt, which often requires frequent repairs or replacements, our steel roofs boast a lifespan of 50+ years, providing homeowners with peace of mind and long-term savings. Made of 26-guage galvanized steel, Hy-Grade Steel Roofing is engineered to endure the harshest Canadian climates, offering unparalleled durability against snow, rain, wind, and UV rays.
More Affordable Than You Think, Especially Over the Long Term
As Canadian interest rates soar and inflation bites into household budgets, investing in a durable steel roof may seem like an unnecessary expense. But if your house needs a new roof, consider this: the average asphalt roof has a lifespan of just 12 years. This means you’ll need to replace your asphalt roof again and again and again to equal the lifespan of a Hy-Grade Steel Roof. That’s right, you’ll install at least four asphalt roofs for every one Hy-Grade Steel Roof. Not only does a Hy-Grade roof minimizes replacement costs, and adds to the value of your home in the event you decide to sell.
Remember, also, that failure to replace your roof when it’s needed can result in much worse bills down the road. Should your roof start leaking, it can cause thousands of dollars in damage to your ceilings, walls, carpets, floors, and furnishings. When it comes to roof replacement, it’s always better to plan ahead.
How to Incorporate a New Roof into Your Mortgage Renewal
Given the rapid rise of interest rates over the past two years, many Canadian homeowners face the prospect of higher carrying costs on their line of credit and credit cards. What was once a great source of renovation funding is now seen as an unnecessary expense.
But – good news! – there is a solution: integrating the cost of a new steel roof into your mortgage renewal.
Homeowners can roll the expense of a new roof into their mortgage renewal, spreading the cost over the extended mortgage term. Your mortgage interest rate will be far lower than a line of credit or credit card, allowing for manageable monthly payments and eliminating the burden of a significant upfront expense. Talk to your mortgage specialist about how you can add home maintenance expenses to your mortgage.
Use Our Financing Options to Bridge the Gap Between Now and Renewal
For those navigating a financial gap between today and their mortgage renewal, we provide various financing alternatives. For example, one such option includes deferred payments for up to 12 months. During this period, homeowners can opt to pay only the interest upfront, providing breathing room without making principal payments for a year. This ensures that your investment in a premium steel roof doesn’t strain your immediate finances while offering protection and value for years to come.
In these uncertain times, securing the integrity of your home stands paramount. Hy-Grade Steel Roofing offers not just a solution to protect your home, but an investment in its longevity and value. With our premium steel roofs and flexible financing options, you can safeguard your home without compromising your financial stability.
We invite homeowners facing mortgage renewals to consider the long-term benefits of a Hy-Grade Steel Roof. Contact us today to explore how our roofing solutions and financing options can be seamlessly integrated into your mortgage renewal, providing peace of mind and lasting protection for your home. Invest wisely in your home’s future with Hy-Grade Steel Roofing.