Financing Your Swimming Pool or Spa
Financing your new swimming pool or pool modernization project is an important part of your overall consideration. It's important to have that financing arranged by experienced professionals, to make sure your options are fully met and explained to you. Your swimming pool or spa will enhance the beauty and value of your home, and financing is an important tool that can provide you with a useful tax advantage. (Consult a tax advisor regarding deductibility on interest.)
Getting a loan for a swimming pool can be done in a variety of different ways. Usually, speaking with your bank first, is a good plan to start finding out what options you may have. A home equity loan is the best type of secured loan, if it is available on your property. If you have been in your home for more than 1 year, have a good credit history, and have equity available on your home, this may be the best plan for you. Another available option is an unsecured loan, which can be obtained for qualified borrowers, for up to $30,000. This can then be used to all or part of the project, depending on the final cost budget. Many customers are also using short term loans on 401K’s or such, to temporarily pay for the pool & then later refinance their home or get a home equity loan when the home market values start to improve.
Gulfstream Pools & Spas is continually looking for the best financing options for our customers. Contact us today to discuss the ways we can get your family swimming this season!
Please contact us for more information 813-925-0909.