Understanding that the majority of our customers finance their pool in one way, shape, or form, we at Water Designs of Sarasota, Inc. want to help you understand the task of pool financing and how it typically works for most homeowners.
Pool customers pay for their swimming pools in a variety of manners. Some of the routes typically taken are:
***Pool Financing Tip: If you are planning to finance a large portion of your project, be sure to get pre-approval before having companies out for estimates. Many times folks have their dream pool all lined up only to find out they cannot secure the necessary financing.
Of all listed, the most popular methods are second mortgages and equity lines which allow home owners to borrow against the equity in their homes. These are relatively easy to secure and have competitive rates.
For those persons who a 2nd mortgage or home-equity line is not an option, there is still hope. Unsecured loans do not require home equity, but you will need solid credit.
Simply check out the links below to find out how to apply, calculate monthly payments, and learn about other benefits.