Four Ways to Pay for Your Project with Southwest Exteriors

Investing in your home is one of the most important decisions you can make. Whether you're upgrading windows, doors, or siding, the right improvements can boost your home's value, comfort, and curb appeal. But let's face it—these projects can come with a hefty price tag, making flexible financing options essential.

At Southwest Exteriors, we understand that everyone’s financial situation is different. That’s why we’re committed to offering payment plans that make your dream project affordable and stress-free.

Although we offer dozens of financing options, the great majority of customers choose one of the four primary payment options discussed in this article. If none of these work for you, however, don't worry- we have dozens more that can be tailored to your situation. Whether you prefer no-interest financing, a low fixed interest rate, or upfront payment discounts, we’ve got you covered.

How can I pay for my project?

Before getting into the different options to finance your project, we must note the forms of payment you can use.

We accept cash, check, or credit card. 

When you pay with a check or cash, you can get up to a 25% discount on the entire cost of your project. This is what we save in processing fees, and we want to give that back to you.

Now let’s get into our top four payment methods.

Option 1: 0% Interest with Zero Money Down for 6 Years

When it comes to financing your home improvement project, nothing beats the peace of mind that comes with 0% interest. This option allows you to spread your payments over six years without paying a dime in interest—every penny goes directly toward your project cost. And the best part? You don’t need to put any money down to get started.

As an added bonus, choosing this plan gives you a 2% discount off the total project price, making it an even smarter choice. This means you can upgrade your home while keeping more of your hard-earned money in your pocket.

How It Works

This option is perfect if you want to avoid the financial strain of upfront costs or high-interest rates. With manageable monthly payments and no added interest, you can invest in your home at a pace that fits your budget.

Why It’s a Great Option

• Ideal for long-term affordability: You get the convenience of spreading payments over time without any extra costs.
• Maintain your savings: You don’t have to dip into your savings to make an initial payment, leaving your emergency fund intact.
• Peace of mind: Knowing that every payment is going directly toward your project helps you stay on track financially.

Option 2: 2.99% Interest for 12 Years

If you're looking for a balance between affordable payments and extended flexibility, our 2.99% interest plan is an excellent option. This financing plan allows you to spread payments over 12 years at a fixed, low-interest rate, making your monthly payments smaller and easier to manage. Plus, when you choose this option, you’ll receive a 3.5% discount off the total project price, giving you significant savings upfront.

How It Works

This plan is tailored for homeowners who want to make their home improvement dreams a reality without overextending their budget. By stretching your payments across 12 years with a minimal interest rate, you can maintain financial stability while still investing in the upgrades your home needs.

Why It’s a Great Option

• Smaller monthly payments: With the cost spread over a longer period, your payments become much more manageable.
• Low-interest advantage: A 2.99% interest rate keeps your total financing cost low compared to standard financing rates.
• Immediate savings: The 3.5% discount gives you a financial boost from the start.
• Budget flexibility: Ideal if you want to keep your monthly expenses predictable and sustainable over the long term.

This plan gives you the breathing room to budget comfortably without sacrificing quality or cutting corners on your project.

Option 3: Pay with a Credit Card

Sometimes, simplicity is key, and paying with a credit card offers the fastest, most straightforward way to fund your home improvement project. With this option, you can skip the financing process entirely and get your project rolling right away. Plus, when you choose to pay upfront with a credit card, you’ll receive a 22% discount off the total project price. That’s a huge savings advantage just for using your card.

How It Works

If your credit card offers cashback, points, or other rewards, paying for your project this way can provide even more benefits. Imagine not only upgrading your home but also earning rewards you can use for travel, future purchases, or even a statement credit.

Why It’s a Great Option

• Fast and simple: Paying with a credit card eliminates the need for financing applications or approval processes, so you can get started immediately.
• Maximize savings: The 22% discount is one of the highest available, making this option especially appealing if you can pay upfront.
• Earn rewards: Depending on your card, you could rack up significant rewards, adding even more value to your purchase.
• No additional commitments: Once your payment is made, there’s no need to worry about monthly installments or interest rates.

This option is ideal if you want a quick and easy payment process while taking advantage of a major discount and potential card perks. It’s all about combining convenience with significant cost savings.

Option 4: Pay with Cash or Check

If you’re ready to make a bold financial move and maximize your savings, paying with cash or check is the way to go. With this option, you’ll enjoy an impressive 25% discount off the total project price—the highest discount available. By paying upfront, you not only secure the best value but also take immediate ownership of your investment without the need for monthly payments.

How It Works

Paying with cash or check eliminates any concerns about interest rates, financing terms, or long-term obligations. It’s straightforward and leaves you with no financial strings attached. Once the payment is complete, the project is yours, fully paid for and hassle-free.

Why It’s a Great Option

• Maximum savings: The 25% discount is unbeatable, allowing you to invest in top-quality upgrades while keeping more money in your pocket.
• No monthly payments: Enjoy the freedom and peace of mind that comes from knowing your project is paid in full.
• Immediate ownership: You can take pride in knowing your home improvements are fully yours from day one.
• Simplified process: Skip the paperwork and approvals—this is a direct, hassle-free transaction.

Financing Requirements and Approvals

At Southwest Exteriors, we aim to make financing accessible, but there are a few requirements to ensure you qualify for our plans. There are, of course, minimum credit scores for financing approval, but that’s just one part of the equation. Our finance company also considers several other factors to give you the best chance of approval:

• Income requirements: Your income helps determine your ability to make monthly payments comfortably.
• Debt-to-income ratio: This measures your total monthly debts against your income, showing how manageable new payments would be for you.
• Assets: Unlike most lenders, our finance company looks beyond your credit score and debt-to-income ratio by factoring in your assets.

This unique consideration of your assets sets Southwest Exteriors apart. If your credit score is lower, the value of your assets can tip the scales in your favor. Whether it’s savings, property, or other financial holdings, these assets help demonstrate your financial stability, increasing your chances of approval when other lenders might turn you away.

The benefits of choosing a monthly payment plan with Southwest Exteriors over your bank

Adding another monthly payment on top of credit card bills, student loans, and a mortgage can be a bit scary. 

Of course, you can take out a loan with your bank or a private lender to pay off your home improvement project. However, at Southwest Exteriors, our payment plans were designed to be the easiest and most affordable for you. 

Here are the benefits of financing your project with Southwest Exteriors as opposed to an outside source.

1. Get your loan approved as fast as eight minutes

When financing a home remodeling project, the process to get a home equity loan can take anywhere from 60 to 90 days. There are many fees, appointments, and inspections that need to be completed to receive a home equity loan which costs you lots of time and money. 

We do not need to do an appraisal or inspection and can get your payment plan approved at the time of your consultation or quickly over the phone in as little as eight minutes. 

2. No prepayment penalties

In some cases, if you pay that loan off early, your bank will charge a prepayment penalty. The reason most charge this fee is because by paying your loan off early, the bank is losing money they were expecting to pocket from your interest.

If you pay your project off early with Southwest Exteriors, there are no fees.

3. You get to choose your interest rate

If you decide to take a loan for five to 10 years for a project at a higher cost, you get to choose your interest rate.

Banks typically don't offer the same wealth of options, let alone the highly competitive interest rates, offered by Southwest.

Is it common to finance home improvement projects?

Yes, it is common to finance home improvement projects. Many homeowners choose to finance home improvement projects because they don't have enough savings to cover the entire cost upfront or prefer to keep their savings for emergencies. Financing options for home improvement projects may include:

1. Home equity loans: Homeowners can borrow a fixed amount of money using their home equity as collateral. Home equity loans typically have lower interest rates and longer repayment terms than personal loans.

2. Home equity lines of credit (HELOC): A HELOC allows homeowners to borrow money as needed, up to a maximum amount, using their home equity as collateral. HELOCs usually have variable interest rates and flexible repayment terms.

3. Personal loans: Personal loans are unsecured loans that can be used for various purposes, including home improvement projects. Personal loans usually have higher interest rates and shorter repayment terms than home equity loans.

4. Credit cards: Credit cards can be used to finance smaller home improvement projects. However, credit cards typically have high interest rates and should be used with caution.

When considering financing options for home improvement projects, it's important to compare the interest rates, fees, and repayment terms of different options and choose the one that best fits your budget and financial goals. It's also important to remember that borrowing money comes with risks and should be done responsibly.

Easy monthly payment options made for you

Any word, phrase, or topic surrounding cost can cause a sweat and make the hairs on the back of your neck stand up. Nobody really likes to talk about cost, so we’ll be the ones to do it.

Now that you know all of your payment options Southwest Exteriors offers for your project, we hope you can go into your home remodeling project with us feeling comfortable with your options.

Although we are not the least expensive option for your window, siding, or door replacement, or concrete coating, what you get in return is quality products, installation, and service that will last you a lifetime. 

Are you ready for your next home improvement project? Fill out the form on our website to schedule a free in-home consultation with a design consultant.