Posted on May 9, 2011 by MyPoolLoan.com |
Vinyl liner swimming pools come in many shapes, colors and sizes. The thickness of the liner is also an important factor in cost and durability.
The standard thickness of a vinyl liner swimming pool is 15-30 (mil) or gauge. Usually the thicker the gauge the longer the warranty and the more resistant to puncture or damage from the sun and or pool toys etc. You will probably expect to pay a little more for a heavier gauge liner but you should consider your lifestyle when choosing a vinyl liner thickness. If you have kids or pets that may be a bit rough on the pool then a more durable liner is probably in your best interest.
You should also know that most manufacturers recommend that you never drain a vinyl liner swimming pool. This can damage the vinyl and make it brittle , crack or even shrink. In most cases the warranty will be voided if the pool is ever drained.
AMS Financial can help you with all types of in ground and above ground vinyl liner swimming pool loans. We even offer bad credit pool loans, so for less than perfect credit there may still be the possibility to finance your swimming pool.
Tags: above ground pools, above ground swimming pool loans, bad credit pool loans, vinyl liner swimming pool loans, vinyl liner swimming pools
Posted on April 13, 2011 by MyPoolLoan.com |
You may have heard of the term staycation. This term came out of the tough economy that we all have faced over the past 3 -4 years. It basically means staying home and having a vacation all wrapped in one.
Building a new pool in your yard certainly qualifies as a long term staycation in my mind. If you ask me I would rather swim in my own backyard pool relaxing with my family for free than to spend a lot of money that you will never recoup swimming in a public pool in the back of a hotel.
You can use home improvement loans to build an addition, improve your home, update your kitchen or put a pool in your back yard. Invest that vacation money into your own new backyard pool.
Above ground pools, inground pools, concrete pools and fiberglass pools are all great products and each one is made to fit certain budgets. You may be in your home for a long time so you may as well enjoy it!
Happy home improvements!
Tags: above ground pools, concrete swimming pools, fiberglass swimming pools, home improvement loans, inground pools, pool loans, staycation
Posted on April 2, 2011 by MyPoolLoan.com |
Each year, tens of thousands of Americans shop for an above ground pool. These pools can be a great investment for your family’s recreation and are designed to fit any budget. Research is really the key in helping to decide what type of above ground pool to buy. There are many types of materials, shapes and sizes of above ground pools and I will try to cover some of the basics.
Most construction materials start with liquid vinyl coated steel walls and quality steel, aluminum or resin frames. The liner is usually at least a 20 mil liner to make sure that it will withstand the rigors of an active family. Basic rule of thumb is that the wider the top rails and the material used for the frame, the more expensive your above ground pool will be relative to its size. In addition you may want to consider an all aluminum construction above ground pool if you are within proximity to sea or salt air as this would provide better corrosion resistance.
Financing Above Ground Pools
Some of our customers are unsure when they call us if we can finance these above ground pools. The price point on these types of pools is often much lower than a traditional inground pool and we can absolutely finance above ground pools. We will finance these pools even if you have fair or bad credit in many cases.
We specialize in all types of pool financing including inground pools types including concrete pools and fiberglass pools as well as all types of above ground pools. Wait until you see how low your payment can be when financing an above ground pool.
Happy swimming!
Tags: above ground pools, inground pools, pool financing, pool loans
Posted on March 30, 2011 by MyPoolLoan.com |
We often get telephone calls and email inquiries from customers and dealers asking if we finance bad credit swimming pool loans. This is a very general question that often times require us to answer the question with a question: What is your definition of bad credit?
Credit scoring models and data that carries weight on scores has changed a lot in recent years. What used to be beneficial to your credit often times can have little or no effect on scores such as a co-signer on a credit card that has impeccable credit. This used to be a loop hole in the scoring model that has since been closed by the 3 major repositories. Medical collections are often looked at as having no effect on credit to some lenders.
Credit inquiries can be confusing to some consumers as there is a lot of people that think each one counts against your scores and this is not always the case. The bureaus let you have some leeway when you are shopping for a car , mortgage or swimming pool loans. Multiple hits within a few weeks from the same category doesn’t count against you nearly as much as you think and sometimes not at all.
So, back to the original question, do we finance bad credit swimming pool loans? Yes is the answer. We finance a lot of pool loans for people with bad credit. It takes a trained eye and a skilled credit analyst to read between the lines and find creative ways to get the bad credit pool loans approved.
We have seen loans with scores below 500 get approved and pool loans with collections and liens get approved as well. I would advise anyone that thinks that they have good, bad or questionable credit talk to a representative to see how your situation allow us to get your loan approved and your new swimming pool project or remodeling job started.
Don’t assume that you don’t qualify before speaking with a trained professional. Pool financing is certainly possible with bad credit.
Happy swimming!
Tags: bad credit pool loans, pool financing, pool loans
Posted on March 3, 2011 by MyPoolLoan.com |
We recommend many varieties of swimming pool loans including real estate, secured and unsecured loans to finance your dream pool. One question that is often asked is, “Can I or should I prepay my loan off?” Most swimming pool and home improvement loans these days have no prepayment penalty so you do not have to worry about paying a fee or penalty to pay the loan off early.
In the case of an unsecured loan I often recommend that you prepay the swimming pool loan note off as fast as possible without burdening your finances. Unsecured pool loans have terms that range from 3-15 years or more and every year that you carry that note you are paying interest. If you were to prepay the note you are actually going to pay much less interest over time.
In the case of secured loans, these have the potential to give you a tax break by writing off the interest paid over the life of the loan. You should consult with a licensed CPA to determine if your loan would fall into this category. If in fact you have a tax break with this type of loan your CPA will advise you if it makes sense to prepay or just pay the minimum payment and carry the loan for the full term.
All things considered you may want to prepay your loan balance down if your finances can afford this or maybe just pay the minimum if you fall into a category where it makes sense.
Happy swimming!
Tags: loan prepayment, pool financing, pool loans, unsecured pool loans
Posted on March 1, 2011 by MyPoolLoan.com |
I talk to customers all over the country about pool financing and swimming pool loans every day. One of the questions that I am asked from customers that have not decided on a pool contractor is, “Should I buy a concrete (gunite) pool or a fiberglass pool?” Well this is a question that does not necessarily have a quick and easy answer.
I liken the concrete vs. fiberglass question to, “Should I buy a BMW or a Lexus?” We know that both companies make great automobiles and both are luxury brands. How do you decide between the two? Well it usually comes down to personal preference and your perception that has been influenced by your life’s experiences.
In the case of both styles of swimming pools you can easily make the case for either style. As for fiberglass swimming pools there are usually many different shapes colors and styles to choose from. If you can find one that fits your preference and needs, then a fiberglass pool will probably be a very wise choice.
If you are looking for an out of the box shape or size or require above and beyond customization, then a concrete swimming pool (or gunite swimming pool) may be your best choice.
We provide pool financing for swimming pool dealers that build just fiberglass pools, just concrete pools, or sometimes both. I have never had a customer say that either construction material has disappointed them. In fact, I get raving reviews of both.
At the end of the day I believe that choosing between a fiberglass swimming pool and a concrete swimming pool comes down to personal preference and you and your family will be very happy with either construction style.
Happy swimming!
Tags: concrete swimming pools, fiberglass swimming pools, gunite swimming pools, swimming pool construction, swimming pool materials
Posted on February 17, 2011 by MyPoolLoan.com |
Pre-qualification for a swimming pool loan is a topic we are asked to address a lot and I will try to give both sides of the coin when I answer this. In the real estate world most realtors want you to have a pre-qualification letter in hand showing how much home you can afford. This is not necessarily the case when it comes to shopping for a swimming pool.
There are many different brands, styles, materials, shapes and sizes for swimming pools, and one size does not fit all. What would be a dream pool for one family may be too small or not fancy enough for another. This is how I would make the case to try and figure out what style pool will suit your fancy before getting the financing piece in place. Most of this type of research can be done online such as comparing gunite to fiberglass swimming pool construction.
When To Get Pre-Qualified For A Swimming Pool Loan
After you have a general idea about what you are looking for and an approximate budget (including down payment amount), now you should reach out to a reputable pool financing company. They will be able to steer you in the right direction and help you fine tune your budget and get you pre-qualified for that amount.
When you have a pre-qualification in hand is when it is time to start talking to pool dealers and builders. They come in many shapes and sizes as some build a lot of pools and many build just a few. You want to interview the contractors and do your due diligence on their services. Compare the bids as well as the service and warranty that is offered. When you have finally made your decision it is go time. Sign the contract and with unsecured financing that is pre approved in place all you have to do is wait for your pool to be completed and start years of enjoyment in your new swimming pool that was financed fast and easy with unsecured pool financing.
Tags: pool financing, pool loans, prequalified financing, prequalified loans, unsecured pool loans
Posted on February 11, 2011 by MyPoolLoan.com |
Many people don’t know where to start when it comes to searching for the best pool loan. Often times people think that a home equity loan or a second mortgage is where to start but often times that is not the best option. Second mortgages are very difficult to find these days and often require you to refinance your 1st mortgage so that the second lien lender has both loans. This is in addition to the 4-6 weeks it takes to close and fund your loans and we haven’t even touched on the potential closing cost that are involved.
What then is the solution you ask? We think that the very best option for a swimming pool loan or home improvement loans would be an unsecured pool loan.
What does unsecured really mean? It means that the lender has no lien or security interest in your home or property, or in this case your swimming pool. Would they even really be able to come and repossess a concrete swimming pool that was buried in your backyard anyway? Unsecured pool loans often have zero or very little closing costs, competitive rates, and no prepayment penalty. Term usually range for 3-15 years for and the start to finish process can be done in as little as 3-7 days.
All things considered, we think that unsecured swimming pool loans are the cost effective and simple way to finance your dream swimming pool project.
Tags: pool financing, pool loans, unsecured pool loans
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