Servicing Michigan's Lower Peninsula & Greater Toledo
If you are looking at different options to finance your energy-efficient home improvements GreenSky has you covered.
Greensky allows you to finance your insulation project whether it's your existing home, mobile home, or pole barn. An added bonus that some people have found helpful is that the property doesn't need to be in the name of the person applying for the loan.
A requirement GreenSky does have is the financed amount must be a minimum of $3,500 for any kind of loan, with a minimum of $1,000 of the loan used.
When you are ready to move forward with your insulation quote and desire to finance through GreenSky you can apply online (above), have your project manager apply for you, or you can follow the instructions below to call in via phone:
Step 1:Call 866-936-0602 to apply.
Step 2:When calling customer service you will need to give the merchant ID number and the four-digit plan number.
RetroFoam of Michigan Dealer ID Number:81061857
• 12 Month No Interest/With Payments: 2611
• 10.99% for 84 Months: 2720
• 18 Month No Interest/With Payments: 2631
Step 3:Typically the application time for phone calls is around 15 minutes.
Step 4:Once you are approved, you have to activate your loan. In order to finish the loan process, you have to approve the total loan amount on the day of the install via text or email.
If you have any questions, ask your project manager or give our office a call at 866-900-3626. Everything is paperless when working with GreenSky.
GreenSky approves the customer with a higher amount than what the job actually is.
This is called Open to Buy. Think of it as a credit card. A credit card has a limit, but you are only expected to pay back what you use.
On the day of install, the customer will approve the loan amount. Then their loan statements will reflect that amount.
There have been recent laws that require lenders to give truth and lending information.
Basically, this means they are required to give the worst-case scenario. These are called same-as-cash loans - no interest loans if paid in full.
The worst case is if the customer does not pay their loan or pay in full in their loan term time, then that interest rate that they see on their loan documents will be added. If they do pay within the required term, then no interest will be charged.
Again, this is GreenSky's way of tracking the worst-case scenario if the loan does not get paid within the customer's term.
Once the loan is close to pay off, the customer's statement will reflect the total paid and will apply as just principal.