cardboard house with screws wall anchors and tools

How to Get Money to Pay for Emergency Home Repairs

No matter the situation, unexpected expenses are never fun. In the case of home repairs, emergencies are up there with some of the worst issues you must fix immediately. What do you do when your homeowner’s insurance doesn’t cover an emergency at home – a leaky roof, a broken air conditioning, or busted water pipes? If you haven’t planned properly financially, you may find yourself in a bind when it’s time to pay for emergency home repairs. Fortunately, you have options to choose from when it comes to home repair loans.

Common Home Repairs

While you look around and notice all the things you may want to fix at home, there’s a difference between an emergency and what you can wait to repair, especially if you’re low on money. Painting your house is not as important as fixing the toilet leaking into the bedroom.

Some of the most common emergency home repairs are:

  • Fixing a foundation
  • Roof repair
  • Water heater replacement
  • Heating or air conditioning repair
  • Pipe repair
  • Septic system replacement

Some non-emergency home repairs include:

  • Painting your home, interior or exterior
  • Removing popcorn ceilings
  • Fixing a clogged garbage disposal
  • Fixing a running toilet
  • Installing light fixtures
  • Patching holes
  • Fixing broken windows

How to Pay for Emergency Home Repairs

You have several options to help pay for your emergency home repairs, such as:

  • Pay with cash from an emergency fund you’ve been saving up
  • Put the charges on a credit card
  • Take out a short-term installment loan
  • Take out a personal loan
  • Use a home equity line of credit

Using an Emergency Fund

One of the easiest ways to pay for home repairs that come up unexpectedly is by being able to lean on an emergency fund of money that you’ve saved up over time. Typically, it is recommended that you save anywhere from three to six months of expenses in your emergency fund. This money is solely for unexpected events that occur.

Taking Out a Loan for Your Home Repairs

If you want to take out a loan to cover an emergency home repair, choose a personal loan or an alternative solution to payday loans, such as an installment loan. You can add these loan payments to your monthly budget since you’re able to pay back the loan in installments; as opposed to opting for a quick payday loan, which you’ll typically have to pay back, with interest, upon receiving your next paycheck.

With MaxLend, you can get approved for Same-Day Funding* for up to $3,750 in your bank account. You can apply for cash online and get the emergency funding you’ve applied for deposited into your bank account. These types of loans are unsecured, so you don’t have to use your car or home as collateral to get the money you need.

For more information about cash loans online and how you can get money loans to help you pay for emergency home repairs, contact MaxLend today at 877-936-4336.

*Same Day Funding is available on business days where pre-approval, eSignature of the loan agreement and completion of the confirmation call, if a call is required, have occurred by 11:45 a.m. Eastern Time and a customer elects ACH as payment method. Customers who complete this process by 1:30 p.m. Eastern on business days may still receive funds on the same day, but some banks may not disburse the funds until the next business day. Other restrictions may apply. Certain financial institutions do not support same day funded transactions. When Same Day Funding is not available, funding will occur the next business day.

The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for information given. All information should be weighed against your own abilities and circumstances and applied accordingly. It is up to readers to determine if this information is safe and suitable for their own situations.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Nothing in this website is intended to waive or otherwise prejudice MaxLend’s entitlement to these protections. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.