Unlock Your Dream Pool with Pool Loans & Flexible Pool Financing Solutions
What is Pool Financing?
Explore Your Pool Financing Options
In-house Pool Financing
Many homeowners prefer to get a pool loan with the help of their pool contractor and on the terms of the lenders with which their contractor routinely works. Homeowners like this method because it simplifies the loan application process for both them and the lender. Your contractor will be well-acquainted with what documentation is required, will help with the application, and will be ready to answer any questions you or the lender have. This should help approval times be shorter and save everyone time and energy.
But that money came directly from a contractor, so you didn’t get the best possible interest rates or terms. It’s always a good idea to shop around, and make sure you’re getting the best deal possible.
Century Pools has relationships with some of the highest-rated pool financial institutions, including Lyon Financial and Paramount Capital, to offer you direct pool loan options, as well as other financing options.
Home Equity Loans “HELOC” For Pool Financing
Home equity loans and lines of credit (HELOCs) are two common ways that new pools can be financed. These loans promise to take full advantage of the value the home-owner has built up in the property. Nevertheless, there are striking differences between the two types of loans.
A home equity loan, often called a ‘second mortgage’, is a loan that comes with a fixed interest rate over a specific time length. A HELOC functions more like a credit card, with a line of credit based on your home’s equity, which you can draw down on as you like over the span of the loan term. Most HELOCs offer variable, rather than fixed, interest rates, which means your payments can be less predictable.
You should keep alive the possibility that you can use your home as an asset. If you collateralise it, you will tend to get lower interest than using other resources. But there is a danger: if the payment of interest or the repayment of money does not occur, you risk losing ownership of your house.
Drawing on the equity in your house is a good strategy for financing your pool – not to mention a good investment in improving your property’s value and the pleasure you’ll get from your house for many years to come.
Personal Loans
This personal loan is not secured by collateral such as property and so can be used for many things, including a new pool. It is unsecured, which means it varies depending on your credit history. Still, it’s a solution for those who don’t want to use home equity and, perhaps, for those who don’t have much home equity at all yet.
These loans offer a flexible approach and an application process that is relatively straightforward to navigate, making them an appealing prospect for people looking to buy their pool sooner rather than later. Because there is no collateral, interest rates are usually higher than for secured loans. A personal loan is an agreement in which a bank or financial institute will loan money to an individual, with a term of repayment usually ranging between 12 and 84 months.
Our Trusted Pool Financing Partners
Paramount Pool Financing
Lyon Financial
Why Choose Century Pools for Your Financing?
Complimentary 3D design by a live designer
Show exactly how it will look before construction happens.
Custom Design
with every pool, we custom build your new pool to your exact specifications and to best compliment your outdoor environment.
Your expert guide for every step
Our experienced team of planners will assist you from designing through financing to completion, as we transform your home into a more spacious paradise.
Benefits of Financing Your Pool with Century Pools Financing Partners
Competitive Rates
Access attractive financing options designed to fit your budget.
Get Flexible Terms
Tailor a loan to suit your pocket.
Quick Approval
Get started on your pool today – our application and approval process is the quickest in the business.
Pool Financing Calculator
Examples
| Sample #1 | $7500 |
| Down Payment | $7500 |
| Interest Rate | $7500 |
| Amortization | 15 |
| Sample #1 | $7500 |
| Down Payment | $7500 |
| Interest Rate | $7500 |
| Amortization | 15 |
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POOL LOAN CALCULATOR
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Frequently Asked Questions
Simply book a consultation, and we will discuss your custom pool vision, available space, and any other specifics before providing a quote for the project.
