Drain Cleaning Plumber | Z and Z Plumbing

3 methods of plumbing


Financing your plumbing repairs

If you need plumbing financing, a home equity loan, home equity line of credit, or personal loan can cover your repairs.

  • Using a home equity loan
  • Using a HELOC
  • Using a personal loan

Using a home equity loan to finance plumbing repairs

A home equity loan uses the equity in your home as collateral for the loan. That can be great if you own your home outright or don’t owe much on it, but your home is on the line. If you can’t pay off your home equity loan, you risk your lender foreclosing on the home.

The amount you can borrow depends on the amount of value you own in your home—your home equity. You can calculate your home equity to get an idea of how much you might be able to borrow.

Here is our highly-rated home equity loan partner that can provide financing for plumbing expenses.

Click Here for Hearth Plumbing Financing

Click Here for Acorn Finance Plumbing Financing

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Our highly-trained and experienced plumbers are standing by, ready to serve you.

Home equity line of credit (HELOC)

A home equity line of credit (HELOC) is like a credit card: You have a fixed spending limit, but as you repay what you’ve spent, that amount becomes available to spend again. Like a home equity loan, the amount you are approved for depends on your home equity and is secured by your home.

You have the option only to borrow what you need, which is better for ongoing projects. However, HELOCs tend to have higher interest rates, and discipline is required to avoid walking yourself into a dangerous financial corner and losing your home.

Personal Loan

If you don’t have much equity in your home, don’t want to risk putting your home up as collateral, have a low-cost plumbing project, or simply want other options, consider a personal loan.

Personal loans are often used as home improvement loans because they’re easy to get online and you can receive your funding quickly—sometimes as soon as the same day you’re approved. This could be useful if you’re financing a plumbing emergency.

However, because personal loans are generally unsecured, they may have higher interest rates than financing secured by home equity.

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