Today, Baby Boomers are armed with record high amounts of home equity and a strong desire to stay in their homes as they continue to age. Researches state that as Boomers reach their 70’s and 80’s their investments in aging in place modifications will drastically increase. Home Improvement Trends The all-time high home improvement spending […]
Aging in Place is Driving the Home Improvement Market Read More »
Some contractors struggle to add in-home financing to their business model. Maybe they struggled with financing programs in the past or just haven’t found the right fit. Many finance companies only offer financing for prime customers or only work with large, well established companies and that can be a limiting factor for many home improvement
Become a Foundation Finance Dealer – FREE and EASY Read More »
Your time is valuable and as a home improvement professional, you are often busy and on the go. However, taking to the time to carefully and completely fill out a credit application can be the difference between an approval and a denial. The tips below can help you get the most out of your credit
Get More Approvals with Accurate Credit Applications Read More »
With summer right around the corner, many homeowners will be prioritizing their home improvement projects. From landscaping to roofing, summer provides the prime environment for completing these projects. This is the busiest time of year for most home improvement contractors and many things get put on the back-burner while you and your team complete projects.
Review Your Financing Options Before the Busy Season Read More »
As the market grows and the economy changes, your home remodeling business will depend on servicing your clients to the full extent to maintain a high level of business. You might think that you’re already doing that but if you aren’t offering in-house financing, you are missing a large spectrum of potential buyers. Partnering with
Partner with Foundation Finance for Business Growth Read More »
At this year’s Extreme Sales Summit, a survey of remodelers showed that offering financing led to increased revenue, more leads, bigger projects and happier customers. Spending on home improvement is expected to widely increase over the next two years making offering financing a must. Financing Benefits For Remodelers More than half of those surveyed (including
The Benefits of Financing: A Survey of Remodelers Read More »
With the tight real estate market, homeowners are looking to increase the value of their homes instead of purchasing new properties. Over 70% of homeowners stated the best way to add or increase value in their homes is by investing in home improvements. Between 2015-2017, Americans spent almost $450 billion on 113 million home improvement
Financing Helps Homeowners Raise Home Values Read More »
American credit scores have hit their highest point since the recession – marking an 8-year streak of increases. Americans are also borrowing more than ever. Fewer consumers have a score below 550, keeping the national average high. Even the percentage of Americans with one or more collection on file has fallen to 23%. All age
Scores Soar but So Does Debt Read More »
One of the most common scenarios for home improvement contractors is client surprise at the cost of their desired project. The result is one of two things: reduce the project scope or break up the project into phases. Neither is a good outcome for the homeowner or the contractor. For the homeowner, it means having
Why Most Top Contractors Offer Financing and Why You Should Too Read More »
The home improvement industry is no stranger to consumer complaints, receiving a total of 908,595 complaints in 2017, according to consumer reports. Most of the complaints involved the quality of the work and the reliability of the contractor. Foundation Finance strives for quality experiences for both the contractor and consumer. Below are some steps we
Contractor Complaints on the Rise Read More »
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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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