WHAT YOU NEED TO KNOW ABOUT FINANCING YOUR INGROUND GUNITE SWIMMING POOL July 3, 2015
When making an exciting and new large purchase in life, figuring out finances can be a stressful and difficult process. When it comes to planning for the purchase of a pool, we believe that smart and healthy financial decisions can allow you to enjoy the process AND the product. Financing can be one of the most important decisions you make when building or remodeling your backyard into what you’ve always wanted it to be and that’s why we want to talk you through the basic information necessary to get the ball started on making smart decisions with your money that can save you time and hassle in the long run.
The first thing to know is that there are many different ways to finance a pool.
- Home Equity Loans
This is the most typical route to pool financing. Home equity loans are issued through your home bank and are often standard home equity lines of credit. This means that the line of credit comes from the money or equity that you have built up through payments on your mortgage. They often carry a very low interest rate and are thus a popular option.
- Refinancing Your Home
Another popular option when getting together financial resources to build or remodel a pool, is to refinance your home. This means that you take money out of the principle balance on your home and refinance with a different interest rate. It’s a great option as well since you are using money that you already have!
- Pool Financing Companies
At Aqua Pool we’ve partnered with an expert swimming pool financing firm, Paramount Capital Finance, to assist our clients. This organization deals specifically in the nuances and processes of swimming pool building and can explain financing options, loan terms, and current interest rates so you have a thorough understanding of all of your options. Find out more information on how this excellent company gets people like you into pools:https://www.newpoolfinancing.com/application.asp?Dealer=01-5000101
At Aqua Pool, we want to make pools affordable and that’s why we offer 100% financing options, up to six months of deferred payments, low fixed rates, and 25 year financing. Find out more:https://aquapool.com/financing/