What are the normal avenues for financing pools?
Most banking institutions offer pool financing. Typically lenders use home improvement or home equity loans. Please discuss with your financial advisor as to which best suits your situation. Be aware that home improvement loans require a 12-day waiting period to fund with an additional 3- day right of rescission period. Additionally, inform your lender of our payment and construction schedule. Some lenders demand an unrealistic timeline for construction or want to release funds only after completion of the pool. We work on a draw schedule. In other words, we are paid as we complete phases of construction and your payments fund your project along the way. If there are any concerns, have your lender contact us.
