Life in Phoenix, especially in the summertime, would be extremely uncomfortable without air conditioning. However, many homes are fitted with aging or outdated systems that should be replaced. When the time comes to upgrade your home’s air conditioner, you don’t have to pay for it all at once. If your repair qualifies and if your credit is good, you can finance your new unit. Here are the steps you need to take:
Select Your Air Conditioning Unit
The first step is to determine what air conditioning unit you want to purchase. Air conditioners are rated in seasonal energy efficiency ratio (SEER) units. The higher the SEER number, the more efficient the air conditioner. Purchasing an air conditioner with a SEER of 15 or higher will be more expensive initially, but it will decrease your cooling bills in the long run.
Gather Your Financial Documents
For some companies, in order to qualify for financing, you must provide several recent pay stubs as well as a credit report. Before you contact an HVAC specialist to discuss financing your new air conditioner, make sure you have all your documents in order and make sure your credit report is accurate and up-to-date. Also, gather the relevant financial information for your spouse or partner if they will be contributing to the purchase.
Select a Financing Option
There are many ways you can finance your replacement air conditioner. Depending on the state of your mortgage, you may be able to take out a home equity line of credit to pay for your new air conditioner. You can also secure a personal loan from your bank. Always make sure that you can afford the monthly payments on your new HVAC unit.
At Parker & Sons, Inc., we offer customers several financing options, including programs from GE and Wells Fargo as well as credit card financing. If you would like to learn more about your air conditioner replacement options, call us today at (480) 963-1829.