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Sponsored Advertiser - PoolMarketing.com® NetworkWhere is the best place to look for pool financing and find out what your loan payments will be? We’re thinking about buying an inground pool and are wondering what type of loan we’d qualify for. We don’t have much equity in our home but have great credit.
If you don’t have much equity, you’re probably not going to qualify for a home equity loan or HELOC. Your best bet when looking at pool loan options is to find a lender that does personal unsecured loans. If your credit rating is good, you shouldn’t have much problem getting approved for upwards of $50,000 on pretty good terms. Best advice is to use a pool loan calculator to find out what your payments.
Average rate with good credit starts at around 9 or 10%. Excellent credit, you can get up to $150,000 with around 5%-6% interest. Best of luck with your search Billy.
Thanks Marcus, i was checking out the pool calculator and it looks like my payment is going to be as much as a car note – around $500 a month for 20 years. Is that normal?