Are banks really lending right now? Well, it depends on who you are listening to. Some sources say that banks are not lending to homeowners, even if they have great credit. Others are saying that banks are now back to lending like they used to.
The truth, as always, is somewhere in between.
Most banks around the country are happy to finance home improvement projects. They are just a bit more cautious about who they lend to.
We’ve heard that some homeowners aren’t even speaking with banks because they assume the news is correct and banks aren’t lending. Well that just isn’t true. We’ve seen that the average, hardworking homeowners are easily able to get the credit they need and deserve.
As a matter of fact, there are some fantastic financing options available these days. Gorell offers a wide variety of financing programs for home improvement projects. Many homeowners are taking advantage of some great low interest loans, some of which are locked for the term of the loan. Others are looking to enjoy the energy-efficiency benefits of their windows today, but want to defer payments for a few months or even up to a year!