| Did you know that a pool will not only add beauty
to your home, it can also add value to it as well? Banks and
other financial lenders will often look favorably upon swimming
pool financing because they see it as "home improvement",
which will increase the value of the home and eventually the
resale value.
Pools are typically financed through a long-term
mortgage similar to the one used 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.
Don't let sticker shock keep you from getting
the pool of your dreams. Financing a pool is just like financing
a house, car or any other major purchase. A seemingly overwhelming
sum can be easily broken down into manageable monthly payments.
Tax Advantages
Because the pool loan is secured by your property,
the interest on the loan will most likely be tax-deductible.
You should consult your tax advisor.
What Can We Finance?
Yes. We offer a range of financing options - some with no down payments and
six months deferred payments. Suncoast Cutsom Pools works with
a variety of different lenders to find the right rates, options
and loans for your specific financing needs. When applying
for a loan, you can expect to receive an answer usually within
48 hours.
Frequently Asked Financing Questions
Question:
My credit isn't perfect. Can I still get a loan for my pool?
Answer:
Yes! Many of our lenders are able to make home improvement
loans for people with less than perfect credit.
Question:
I have no equity in my home and no money for a down payment.
Can I still get a loan?
Answer:
Yes! We have lenders that require no equity and no money down
for your pool loan.
Question:
Can I put my pool purchase in my first mortgage?
Answer:
Yes! New construction and resale home mortgages are great
ways to finance your new pool. The rates for first mortgages
are usually lower than home equity loans and the term length
is usually longer, resulting in lower monthly payments. You
may qualify for both home and pool in one loan and have only
one payment.
Contact us today if you have any
other questions regarding financing your dream pool.
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