Point of sale financing is a phrase that might be new to you, but it is one you will likely start hearing a lot more. As emerging technology has transformed the consumer finance landscape over the past decade, point of sale financing has emerged as an attractive option for homeowners to fund home improvement projects. Instead of reaching for their credit cards or paying cash, more and more homeowners expect contractors to offer alternative ways to finance their purchases.
Contractors that already offer financing at the point of sale have discovered that this is a great way to close deals faster. Here are 3 great reasons why you should take advantage of point-of-sale financing (and why you should work with HomeVest Finance).
- 1. Offer financing to more customers.
With a financing company like HomeVest Finance, you will instantly have more financing options for your customers. HomeVest provides a diverse pool of lenders covering a broad credit range with a variety of products. You will see an increase in approval rates, allowing customers to access the credit they need when purchasing your products and services.
2. Attract and empower customers.
HomeVest Finance offers maximum approvals giving your customers more buying power to get what they really want right now! Because HomeVest Finance offers better financing to more customers, you will attract more customers and build better relationships with the ones you already have.
3. Contactless and secure application process.
As financing has evolved, customers need a safe and secure way to apply for funding their latest home project. HomeVest Financing will allow contractors to prequalify homeowners for funding in minutes without affecting their credit.
In our ever more digitized world, homeowners are getting more accustomed to convenience and speed when it comes to financing purchases. In order to stay competitive, contractors wanting to offer better financing options to their customers will need to work with an easy-to-use platform that is flexible and intuitive, like HomeVest Finance.