If your bank account balance isn't full of commas to pay cash for a new custom in ground swimming pool to be built in your backyard, there are many financing options available. There are several specialized lenders that only deal in swimming pools and home improvement projects in general. There are also numerous local banks in the Dallas Fort Worth area that offer options as well. Many financing options do not require a new appraisal of your home or any other significant costs.
There are typically two scenarios for financing consideration. The first is you have good equity in your home comparing the current market value of your home and what is owed on the outstanding mortgage. The other scenario is you haven't lived in your home very long or maybe you have completed a cash out refinance of some sort in the past and you currently have very little equity in your home. If you have very little equity in your home that is ok, there are options!
The specialized lenders have all kinds of programs for those with an existing mortgage. They will even consider circumstances where you currently already have a first and second mortgage. They also work with credit situations where credit scores are not the strong point of the application. It's amazing how creative these specialized lenders can be with fitting you into a swimming pool finance loan.
If you have equity in your home and a good to great credit report than local banks are very accommodating for options to finance your new swimming pool. Financing options for local banks may include a personal loan, refinancing your existing mortgage with the improvement being included in the mortgage balance, second mortgages, and even home equity line of credit.
Building a swimming pool is a wonderful improvement for your homes backyard. Burleson Custom Pool Builders works hard to continually stay informed about all of the best financing options to build your new swimming pool. Give us a call or submit the quick online for to request a free design consultation where we can further discuss and share all of the current financing options available to you.
Burleson Custom Pool Builders
5616 Grand Ranch Dr.
Joshua, TX 76058
SERVING: Burleson TX, Joshua TX, Crowley TX, Mansfield TX, Cleburne TX, Godley TX, Keene TX, Alvarado TX, Whitney TX, Hilsboro TX, Glen Rose TX, Rio Vista TX, Granbury TX, DeCordova TX, Pecan Plantation TX, Aledo TX, Annetta TX, Willow Park TX, Weatherford TX, Azle TX, Saginaw TX, Fort Worth TX, Keller TX, Haslet TX, Benbro