Financing Home Improvement: Frequently Asked Questions – FAQs
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Q: Why should I finance my project?
Financing a project with United, through Greensky, allows you to conserve both your money and your equity, and typically offers lower interest rate than a credit card. Greensky has many promotional offerings with deferred interest benefits, but without having to pay out of pocket all at once.¹
Q: What type of credit does Greensky offer?
They offer unsecured loans with fixed interest rates. Unlike a revolving credit card, your non-promotional monthly payment amount is always the same.
Q: Can I bundle my financing with other projects with United?
Yes. We offer a variety of exterior home improvement projects including siding repair and replacement, roof repair and replacement, windows and doors, and painting.
Q: Do I need to put a down payment?
No, we’ve it possible to defer payments for up to 12 months with no interest as an option. Upfront payments are the #1 barrier to moving forward on home improvements. We make it easy for you.
Q: Where can I use my loan?
Greensky loans may be used on qualifying exterior home projects provided by United, including partial siding replacement, roof replacement, windows & doors projects, interior and exterior painting projects.
Q: How long do I have to use my loan?
Once approved, you have four months to make your purchases.
Q: When is my first payment due?
Depends on your financing plan. Many deferred interest plans do not require a payment during the promotional period. The first payment on a budget-minded plan is typically due approximately 30 days after the first purchase.
Q: How do I make a payment?
Very easily – pay online, by phone, or schedule automatic payments.
Special note: there is never a penalty for paying off your loan early.
Q: When does the Deferred Interest Plan promotion window begin?
At the time of your first transaction.².
¹ GreenSky® is a loan program name for certain consumer credit plans extended by participating lenders to borrowers for the purchase of goods and/or services from participating merchants. Participating lenders are federally insured, federal and state chartered financial institutions providing credit without regard to age, race, color, religion, national origin, gender or familial status. GreenSky® is a registered trademark of GreenSky, LLC. GreenSky, LLC and its wholly-owned subsidiaries service the loans on behalf of participating lenders. NMLS #1416362
² Interest is billed during the promotional period but all interest is waived if the
entire loan amount is paid in full before the end of the promotional period.