Do you have a leaky roof? Wind can pull the roofing shingles out of position, which causes rain to seep through the under layers until it leaks down from your ceiling. Depending on the severity, you may need a new roof very soon. Roof replacement can be expensive. There is no doubt. If you don’t have enough emergency cash in your budget, you may need to take out a loan.

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In this video, you will learn about each of your roofing options so that you can find one that works for you.

Metal, clay, and rubber roofs are great roofs that are durable and long-lasting. They are ideal roofs for long-term investments. However, they can be more than twice the price of shingle roofs. If you are financially tight right now, you will likely need to choose a shingle roof. Shingle roofs will still last quite a while with an average life of 18 years. If the roof is bad enough, you may need to take out a loan. This is one of the few instances where it is alright to do so. We can mitigate its negative effects in a few ways. First, choosing the cheaper shingle roof means that you have to borrow less. You can always upgrade to a better roof later. Second, create a plan in your budget to pay off the loan and interest. Paying off interest is your number one priority.


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