3 Ways to Finance a Swimming Pool-News-Quartz Stone Display

3 Ways to Finance a Swimming Pool

Time: 2015-06-03 09:20:42     Source: Quartz Stone Display

Pools are not only beautiful and fun, but add to the value of your home. Building and renovating projects are often financed with a mortgage, much like your home. Finding either a banker who has experience in financing pools or a pool dealer with in-store financing options is also key to making your backyard dream affordable.




Pools are typically financed through a long-term mortgage similar to the one you likely obtained to purchase your home. Since you can spread out the payments on your pool over a longer amount of time than, for example, a home entertainment system, your monthly payments are often small enough to make your dream pool affordable.
The key to successfully financing your pool is finding a lender who has some knowledge of the swimming pool building process and its nuances. Here are some helpful tips.


Some pool builders offer in-store financing, allowing them to easily tailor a manageable monthly payment to your situation. They can often get you approved in 24 hours or less. The builder can explain financing options, loan terms, and current interest rates.
A bank might do one swimming pool loan a week, but pool builders who offer in-store financing do them all the time, so you can be assured that you’ll be speaking the same “language.”
If you’re building a home, consider building your pool at the same time. This trend has building contractors advising customers to roll a pool in on the first mortgage along with the house. Talk with your building contractor to learn more about this opportunity.


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