In past years, it was most common for homeowners to finance the construction of a new pool or restoration of a new pool by drawing on a home equity line of credit. Not unexpectedly, that’s often not an option in this economy. Many buyers are getting creative, by pulling money from savings, borrowing against 401K plans, or some combination with a small amount of home equity. But a few new options are becoming available for swimming pool construction, including Lending Club, which offers flexible terms and interest rates ranging from just under 7% to around 25%, depending on the borrower’s creditworthiness.
At Treasure Pool Builders, we offer a Pay As You Go plan, and have also partnered with one of the leading swimming pool financing companies in the industry: Paramount Capital. Paramount reports that unsecured loans have become more popular—and easier to get approved—than ever before. Check out Paramount or contact the professionals at Treasure Pools online or toll free at 1-800-281-7946 to discuss options.
(561) 793-1550 or 800-281-SWIM (7946)
