Should you get a pool loan when buying a home?
If you are buying a home and plan to build a pool, seize the opportunity to land a better financing deal by integrating a pool loan with your home loan. Depending on your mortgage lender and the financing options available, you may be able to bundle a pool loan with your new mortgage.
Should I merge my pool cost into my mortgage?
Therefore, merging your pool cost into your mortgage will almost always provide a lower interest rate on the pool portion of the loan. Over the length of the loan, you will enjoy savings on the interest.
How do you finance a pool?
A cash-out refinance might be the best way to finance a pool if you can also benefit from refinancing your mortgage. Refinance loans typically have the lowest rates compared to home equity loans and personal loans. If you prefer access to a line of credit, a HELOC is a better match.
Can I bundle a pool loan with a new mortgage?
Depending on your mortgage lender and the financing options available, you may be able to bundle a pool loan with your new mortgage. Doesn’t that sound better than applying for another loan—typically with another lender?