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Wednesday, February 22, 2012
 

NEW POOL FINANCING | POOL REMODEL FINANCING

NEW POOL FINANCING | POOL REMODEL FINANCING

The presence of a swimming pool is positive and significant, especially in Arizona. Lenders consider a swimming pool as a home improvement and will look favorably upon financing. A pool will increase the value of the home, and eventually the resale value.

Pools are typically financed through long-term mortgage programs similar to programs obtained to purchase a home. Cost and financing will depend on elements such as size, upgrades, the addition of a spa, and deck design. When shopping for pool financing, utilize these helpful tips:

  • Explore all financing options. Start with the company who is building your pool and ask if they offer in-store financing, or have a preferred lender. If so, ask what incentives they offer if you utilize their lending recommendation.
  • Compare all financing options and make sure you have a clear understanding of the loan terms and current interest rates from each institution.
  • If you're building a home, consider building your pool at the same time. Talk with your building contractor to learn more about this opportunity.

Contact Arizona Pool & Spa Renovations today!