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Roofing Home Improvement Financing: GreenSky Vs Enhancify review - YouTube
Channel: Dmitry Lipinskiy
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we live in the world where it's really
hard not to take advantage of financing
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options available to us recently I did a
post about buy an iPhone 11 my post was
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if you don't have cash to buy it you
should not be buying it you should not
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be financing it because it's only gonna
make worse your financial situation and
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I've seen a lot of comments people say
but why would you buy iPhone 11 or any
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other fancy phone if you get pretty much
zero financing and I agree with it so
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we'll live in a world where financing
makes sense and if you're the contractor
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or home owner financing home improvement
project might have perfect sense for you
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as well so in this video I want to
discuss financing I want to compare two
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players in the finance market old player
named green sky being in the market for
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years and newest player Inhancify
recently we let enhance a fight in our
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roofing insights Network they were one
of the sponsors of our show they're not
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paying me for this video I just want to
compare them as a new player to old
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player old-school versus new-school
and how financing market rapidly
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shifting and changing in the last couple
of years let's compare the pricing
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intensify will cost you $4.99 a year and
green sky will will charge you and make
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their money on a dealers field so a
little bit different setup in the first
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case you don't have a dealer's fee just
have one monthly fee for entire year and
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another one you have a dealer fee so I
personally believe you will be saving
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money when inhancify let's look at the
rates when it comes to rates intensify
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will cost you if you're the homeowner
about five thirty four percent on
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average I've seen rates and loans for
roofing projects already lower than that
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under five if you look at the green sky
green sky will cost you at least 5% plus
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you're gonna pay anywhere from 2% to 10%
in dealer fees with both companies you
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do have finance options same as cash
they both offer it when it comes to
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credit score and hence if I starts
financing homeowners with a credit score
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as low as 520 and green sky
I starting credit score is 680 so we
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already see enhance if I kind of moving
away moving forward a little bit if if
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it would be a race another comparison I
would like to make is how easy it is to
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set up from the get-go from the
beginning in case of intensify you can
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start everything within 24 hours where
with the green sky it takes 2 3 days to
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set up and you have 17 page contract to
actually get in like really big
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application really old school where you
have intensified it's almost like
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signing up for the app you sign up
you're ready to go another comparison I
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would like to make that a real person
like it's a branding page and hence if I
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let you set up your company profile on
their website so it's branding to your
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business you look professional looks
like you offer in it which is you're
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just the middleman connecting to dots
but it's customizable and it's looks
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like it's your one of your branding
products in and it's just not applicable
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in the case of green sky one of the
biggest advantages of newer companies
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not only enhance if I but few other
players on the market like get hurt and
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few others it's that they are available
to contractors who just started their
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business yesterday so if you're brand
new player you can actually set up your
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profile will intensify and you can start
offering financing to your customers in
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case of a green sky you have to be in
business at least for two years which is
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a deal-breaker for a lot of companies in
the last comparison for the day between
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the two that I would like to make is
soft pool versus heart pool big
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difference between two companies because
in case of green sky every time your
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home owner applies for credit it's a
hard pool and it affects your credit
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story in case of intensify it's a soft
pool so you get approval or disapproval
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but it doesn't affect your credit
history looking at this comparison today
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for me it's obvious that enhancify if I
is doing business like contractors and
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homeowners wants to do business with
it's easy to set up it's more technology
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oriented less paperwork a little bit
easier in your credit
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faster to set up things that if I would
be building or consulting financing
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business today how to do business with
the contractors homeowners I would say
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enhance if I you know doing a lot of
things right and they're listening
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they're listening to the consumers
they're listening to the contractors
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they're listening to the homeowners and
I salute them for that and that's one of
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the reasons I bring them to my network I
work with them I recommend them now when
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it comes to companies like service
finance or green sky they they've been
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in business for years the older company
they're bigger
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I see changes coming probably after
reviewing the videos like that because
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you have to be competitive you have to
make changes everything moves too fast
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so most likely green sky will make
changes in the near future maybe they're
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going to start you know lower in trash
hole to enter maybe it's not going to be
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two years maybe a little one or even you
know right away like to start the
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business and apply I don't think that
contractors should be waiting to be in
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business for a couple years to start
offering financing I think it's
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something that like enhance if I've done
and get hurt down if other companies
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done it so it can't be done and I feel
like other companies just gonna be
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losing their clients and that's just my
humble opinion so I wish best a green
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sky I you know if you using green sky
comment below if any of this information
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was not accurate I would like to hear
from you and maybe a rates are a little
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bit off if you're killing it and you're
successful with the green sky or any
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other company comment below I would like
to hear from you if you do like
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intensify and you're one of the first
clients I want to hear from me as well
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I've I've talked to a lot of contractors
who use them I've heard testimonials
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some of them gonna be playing after I
finished my comparison I'll see you guys
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in the next video let me know what you
think about this comparison I'm gonna
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put the links below for both green sky
and intensify so you can check it out
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for yourself maybe sign up for one of
them highly recommend you to try and
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hence if I give them a call talk to them
but if you're considering for yourself
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you want to compare for yourself go to
green sky dot-com and look what they
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have to offer maybe
information is not relevant maybe I miss
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something that's super super important
to you either way don't judge me for
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this review comment below if you
disagree I'll see you guys in the next
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video
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as a small business owner I get phone
calls on a regular basis of people
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trying to sell me things and one day the
intensify team gave me a call and they
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happen to be in luck I was looking for
financing options at that time I had a
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client for about a thirty two thousand
dollar basement remodel and they did use
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the intensifier program the eight
thousand dollar profit that I made on
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that one job alone more than pays for
several years of the intensified service
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I bought a month later I got a call from
the enhanced by team they had started a
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program where they give a cash back like
a rebate type thing for each deal that's
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closed through the enhance 谩five program
and so I got a check back from the
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financing that the homeowner for that
basement did and that also covered the
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calls that I had been paying up to that
point for the enhance of my program on
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another occasion I had a complaint about
how an interaction went with the
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homeowner and they went out of their way
to make it right so I definitely am
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comfortable with the enhance if I team
I'm glad that I joined the enhance of I
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team and I'll definitely be using their
program from now into the near future
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90% of you watching our videos without
subscription I don't know what you're
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waiting for but you don't want to miss
our sick content for roofing industry
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give me one of those subscribe to the
channel I'll see you guys in the next
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video
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