Point of sale financing is a phrase that may be new to you, but it is one you will likely be hearing a lot about if you haven’t already. As emerging technology has transformed the consumer finance landscape over the past decade or so, 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 are expecting contractors to offer alternative ways for financing 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 some reasons why you should take advantage of point of sale financing (and why you should work with HomeVest Finance).
- Offer financing to more customers.
If you work with a company like HomeVest Finance, you will be able to offer financing to more of your customers. HomeVest Finance has a diverse pool of lenders covering the broadest range on the credit spectrum with a variety of products. This provides an increase in approval rates and ensures customers have access to the credit they need to purchase your products and services.
- Attract and empower customers.
HomeVest Finance offers maximum approvals. This gives your customers more buying power to make the purchases they really want, right now! Because HomeVest Finance has the ability to offer better financing to more customers, you will be able to attract more customers and build better relationships with the ones you already have.
- Contactless and secure application process.
As the ways in which customers can access financing has evolved, point of sale financing solutions through HomeVest Finance allow you to offer your customers a safe and secure way to apply for financing. Contractors can prequalify homeowners for financing 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