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Ways to Find Financing for Your Pool There aren’t many homeowners that can afford to pay for a swimming pool from simply from their savings, but lucky for you our network of lenders offer financing options that you can take advantage of. If you’ve been thinking about purchasing a swimming pool but have been uncertain…
There aren’t many homeowners that can afford to pay for a swimming pool from simply from their savings, but lucky for you our network of lenders offer financing options that you can take advantage of. If you’ve been thinking about purchasing a swimming pool but have been uncertain how you’re going to pay for it, you’re not alone. If you’re already familiar with what your pool is going to cost, the next logical step is figuring out how you want to pay for it. A common error homeowners make going into the process of buying a pool is thinking that it’s an investment in their home, while it does increase your home’s value, it doesn’t pay for itself.
When looking into construction loans for your inground swimming pool, there are things to consider and financing you can take advantage of. Pool companies often will have deals with banks that offer high interest loans. Finding out what kind of loan they use is a good lead at finding which one you should choose. There’s no one answer as to which is the best to finance your pool, it is all based on your finances and how much your pool project will be.
Pool buyer with excellent credit applies and is approved for $35,000 loan at 5.99% interest with 1.1% origination fee.
Total monthly price of the pool with 6.375% APR would be $579.89
Typically, pool buyers who will not qualify for financing to purchase an inground swimming pool can still qualify for financing for an above ground pool.
Most above ground swimming pool kits will cost around $5,000 with labor.
Finding different ways to finance your pool may be on the chaotic side, but to make things simpler categorize topics of what you might be looking for.
One of the simplest options, but it’s based on your creditworthiness. It would harder to be accepted for a loan with poor credit.
Home Equity-based Financing:
Putting together both home equity loans and second mortgages. These give you the option for equity lines of credit in your home. The rate is lower than an unsecured loan and it’s harder to qualify if you haven’t lived in your home as long.
With high interest rates paying for your swimming pool with a credit card isn’t the best option, it isn’t easy to pay off that kind of balance short term.
We offer some of the easiest financing terms in the industry. Apply for Preferred Financing today via our website.
Inground pool costs vary by what you’re interested in. Pool costs tend to be among the higher of thousands especially with a new pool owner, rather than just renovation. Make you have a little wiggle room in your budget because sometimes people forget a pool has to be maintained. Remember the cost for construction and installation, along with add-on features you might want. Even after the process, with maintenance, chemicals and filtration.