Swimming Pool Financing

3,436 Views | 16 Replies | Last: 2 yr ago by OutdoorAg
OutdoorAg
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AG
Ive never put a pool in. Whats the best way to finance one?
jja79
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Frost Bank has a good program.
mosdefn14
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I'd take a look at accessing funds from my HELOC or my securities line.
agcivengineer
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You can get pool loans up to about 20 yrs in length at different interest rates.

You can also look at cash out refinancing, HELOC options.
JAG03
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We just used central bank of Houston and was pleased with them. We did a secured loan and got 4.5%.
Pac1698
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We did a cash out refinance (went from a 30 to 15 year loan), but ended up backing out right as we were getting the city permits. Trying to figure out what to do with the cash now (we want to do some renovations but based on how busy/crazy the home improvement industry is, we are going to wait it out).
Bob_Ag
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Second Frost Bank. Pretty favorable terms.
SquanchyAg
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people really get loans to put in a swimming pool?
RustyBoltz
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SquanchyAg said:

people really get loans to put in a swimming pool?
People get 60mo loans for a car they only drive for 4 years and costs 1/2 what a pool does. Doesn't seem too farfetched.
mosdefn14
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What's the best way to finance pool supplies?


https://www.cnbc.com/2021/04/30/a-major-chlorine-shortage-is-set-to-spoil-swimming-pool-fun-this-summer.html


Rustys-Beef-o-Reeno
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Saltwater or gtfo!!
OutdoorAg
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SquanchyAg said:

people really get loans to put in a swimming pool?


I don't have $100k extra laying around for a pool, so yeah, I'll be getting a loan. Thank you for the smart a$$ response though.
AgsMnn
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We have one scheduled for June, but what are all these rumors on chlorine shortages?
Rustys-Beef-o-Reeno
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Not a rumor
Chlorine is going to be in short supply. Price has already doubled
I'd look into a salt water pool or at least plumbing it temporarily like one.
If you are in their coverage zone check out pool troopers. $150 a month includes weekly cleaning and free use of their saltwater chlorinator system that they plumb in for free for you
No contracts, when your ready to go back to a regular chlorine pool just let them know or cancel and they will plumb it back for you.
I've used them for 3 years and they have great work/ service
SquanchyAg
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OutdoorAg said:

SquanchyAg said:

people really get loans to put in a swimming pool?


I don't have $100k extra laying around for a pool, so yeah, I'll be getting a loan. Thank you for the smart a$$ response though.


Lol. I was asking a serious question. Happy swimming!
The Silverback
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jja79 said:

Frost Bank has a good program.
I used them and it was extremely easy and next to nothing in closing cost.
JeepWaveEarl
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msg me I have a contact for you from a great experience we had.
OutdoorAg
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Thanks everyone for your responses. I appreciate it.
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