Throughout North Texas, the potential for foundation damage increases due to our unique clay soils & extreme climate. The seasonal changes cause our soil to expand & contract constantly which wreaks havoc on our concrete slab foundations. If you’ve noticed cracks in your foundation, walls, ceilings or floors &/or you have doors & windows that won’t close or stay open, it may be time to repair your DFW foundation.
Truth is that foundation repair costs span a wide range based on the severity of the problem. Delaying repairs can extend the amount of damage, eventually causing the cost to rise over time. Fortunately, there are several options available to help pay for foundation repair that will help resolve your issues earlier than later.
The First Step: Getting an Estimate
If you notice signs of foundation damage, the first step is to schedule an inspection & estimate for the cost of your repair. At AlphaLift Foundation Repair, we offer free Foundation Estimates for homeowners, builders & remodelers. We’ll promptly visit your property to assess the damage & consult a structural engineer to help determine exactly what needs to happen to permanently restore your home.
After getting an estimate from an AlphaLift professional, you’ll have the information you need to make the best decision for your home. Next, you must determine the best form of payment for the service.
Paying for Foundation Repair in North Texas
While paying for foundation repair in cash can be ideal in some situations, it may not always be realistic on higher priced repairs. Though AlphaLift’s average cost of repair is under the national average, some Foundation Repair projects can be expensive. Good news is that other options are available & by exploring the options, we hope to help our customers find a payment plan that fits their budget & helps expedite their home’s repair sooner than later. Here are just a few methods available.
1. Paying With a Home Equity Loan or Line of Credit
A home equity line of credit (HELOC) or a home equity loan can be a convenient and affordable way to fund your foundation repair. At their core, both allow you to tap into the equity in your home to secure financing for the repairs. However, the main difference between a loan and a line of credit is how the funds are accessed.
With a loan, you receive a lump sum of money upfront and must pay it back over time with interest. On the other hand, a line of credit functions more like a credit card, allowing you to draw on the available funds as needed and only pay interest on the amount you borrow.
So, a HELOC may be more flexible and affordable if you’re facing more costly foundation repairs. With a HELOC, you can take out what you need to fund the project & only pay interest on that amount rather than being stuck with a loan payment and a bigger overall balance.
2. Using Personal Cash Loans
A personal cash loan allows you to borrow money for almost any purpose, including home repairs. The loan is typically unsecured, meaning you don’t have to put up any collateral to be approved & can be used to cover the cost of foundation repairs.
By taking out a personal cash loan, you can ensure that your home’s foundation is repaired quickly & efficiently without stressing about the long-term financial impact of waiting.
3. Financing: AlphaLift Foundation Repair has partnered with Hearth
Through this unique partnership, AlphaLift customers are able to see personalized monthly payment options within minutes without affecting their credit score. There are no prepayment penalties and there’s no home equity required.
If you don’t want to use the equity in your home or your personal savings, Hearth offers financing that helps you hold on to your cash and fix your home at the same time. Many times, customers are even able to borrow more than their project amount so that they can make other upgrades to their home following the foundation repair.
Hearth options fund you the customer directly & allow you to pay us in accordance with the terms we mutually agree on…this keeps you in control of your money the entire time. Read more about AlphaLift financing through Hearth, visit our financing page.
Schedule Your DFW Foundation Repair With AlphaLift
While foundation damage can be overwhelming, knowing there are options to help pay for necessary repairs can make it easier. It is also important to trust a qualified, professional company that understands North Texas unique soils & foundation challenges.
AlphaLift Foundation Repair uses the only most advanced steel pier methods proven over the last 40 years to repair foundations permanently! If your North Texas home is in need of foundation repair, contact us today for a free estimate. Give us a call at 214-868-4774 or send us a message at info@alphaliftfoundations.com with any questions. We look forward to helping you get the answers & repairs necessary with a payment plan that fits your budget!