3 Ways to Make Home Improvement More Affordable | Foundation Finance Company

3 Ways to Make Home Improvement More Affordable

financing affordability

The cost of home improvement projects is a hurdle many homeowners struggle to accept when they ask for a project estimate. Surrendering large portions of their savings or adding to their credit card debt isn’t a choice many people would be excited about. However, there are options that you can offer your customers to make their project more affordable.

1. Offer a Payment Plan.

Breaking a project into affordable monthly payments can take a lot of strain off your customers’ budget. Work with your customer to determine how much they can afford each month, then use the payment estimator to see how many payments their project will need to be broken into to keep the payments in line with their budget needs. Foundation Finance dealers can choose up to 240-month terms to help you meet your customers’ needs.

2. Add a Special Promotion.

Choose from several different types of promos to help make a project more affordable and give your customer the incentive they need to get started. Some of the specials that our partners can offer include:

  • Same-as-Cash: No interest if the amount financed is paid in full before the end of the promotion period.
  • Deferred Payments: The first payment is deferred 3 months.
  • Half-Pay: Customer payments are reduced to only half of the monthly payment for the first year.
  • Equal Payments: The amount financed is broken into equal monthly payments at 0% interest.
  • No Payments- No Interest: No payments required and no interest accrues during the promotional period.

3. Reduce the Interest Rate.

Interest can add up over time, which is why competitive rates are important. Help keep home improvement affordable by offering a reduced interest rate. Foundation Finance has free reduced interest rates available for approved customers.

Interested in other ways Foundation Finance can help you close your next sale? Contact us for more info: 1-855-241-0024, [email protected].

You can build on us. Enroll in the Foundation Finance dealer network today.

Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").

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