Wanting to do a new roof and solar panel and contractors keep asking info on my Hero approval more than giving me an estimate for cost. Are they trying to jib me for more money? I’m starting to get fed up on this and thinking they are trying to milk me for as much as they can.
Every contractor is allowed to see an estimated “pre-approval” amount with every PACE lender. They already know what the low and high estimated pre-approval finance amount could be, along with the likelihood of you being approved. If you’ve already told them that you’re approved and they’re asking…they’re trying to milk it.
Can I ask why you’re considering a PACE loan? There are so many other finance options with a much lower overall out of pocket cost. Just curious!