Should I take out a home equity loan or get roof financing?

Whether you should take a HELOC or get roof financing depends on your unique financial situation. Home equity loans usually have lower interest rates, but they’re not available to everyone, and you risk losing your home if you default. Roof financing, on the other hand, is faster to acquire, so it’s ideal for situations where you need immediate roofing services.

Last Updated:May 20, 2024