Winter Woes: Quick Ways to Get Loan Money for HVAC Repairs

Having your furnace or HVAC system quit in the dead of winter is one of the worst feelings in the world. You need heat to keep pipes from freezing and to stay warm, especially if you live in a bitter cold climate, but refinances and home equity loans can take weeks if not months to process. If you need a loan in a hurry, you do have smart options that ensure your heat is back on in little time.

Time is of Essence and Home Loans Are Not Fast

If you have good credit, all you really need is a cash advance loan to carry you over until a refinance or home equity loan is approved. With both types of loans, you have to undergo a credit check, a process that can take a few days. With a refinance, you also need to wait for an appraisal of your home to be completed. It can take weeks before an appraiser has an opening and then you must wait for the report to be completed. Only after this is done will the underwriters even start looking at your application to decide if it will be approved. Expect underwriters to take a week or two to complete their part of the process. After that, you have to wait until the bank can schedule a closing date.

With a cash advance loan, you borrow the money for a short period of time, often a month, and then pay it back. A cash advance loan can have the money in your hands within one business day, so you can have an HVAC professional out to repair or replace your furnace in a day or two.

Options for Those With Poor Credit or No Equity in Their Home

If you have poor credit or have no equity in your home built up, you still have options. Maybe you rely on SSI as your income. If that’s the case, some banks won’t touch you because they do not consider it a reliable source of income. With an SSI cash advance, you’ll be able to borrow the money you need to repair or replace your furnace. For those with poor credit, unsecured personal loans allow you to borrow the cash you need without having to put up your car or another personal item as collateral.

Don’t let a broken furnace make your life miserable. You have options available that give you fast cash advances and loans. Borrow what you need and make sure the loan payment is something you can handle, and you’ll have a warm, cozy home in no time. Discover your options for personal loans and HVAC loans today.