This is the process to be followed:
1. What type of loan will be granted to me?
The loan granted is a complete roof replacement LOAN. Only the registered homeowner on the title of the property can apply for this loan.
*** There will be a HOV – Home Ownership Verification task to be fulfilled by Financeit.
2. Will a coborrower be required?
In the event that you are not eligible for the full amount requested, a coborrower may be added. This person does not have to be registered in the title of the property.
3. What type of documentation is required?
Proof of income (last pay slip or latest T4) is required by both, the principal applicant and the coborrower if this is the case.
depend the amount you are applying for .
4. Where is the documentation to be sent?
The mentioned documental evidence is to be loaded within the Financeit Application; this is the link that you receive via email once you have filled in the form for the Loan Application.
5. Is it possible to pay off the loan at any moment?
Yes, the roofing project loan via Financeit is an open loan. This means it may be paid off at any point in time and this decision will not come attached with any type of penalties.
6. How will Royal roofs ltd receive the payments?
The payments for the roofing Project will be addressed from Financeit to royal roofs ltd throughout the execution of the project or when project is finished .depend the amount
7. When will I begin to pay my loan?
Once the project has been completed, then your relationship and your payments with Financeit will begin. You are to pay a monthly installment of $$$ depending on the amount of the loan and the amortization period.
Any further questions, please reach out to nikki tingson – Financeit Partner. Phone: 1888 536 3025. ext 220