Introduction

    Do you have dreams of enhancing your home with a beautiful swimming pool? We are here to make the process a breeze. Whether it’s for family fun, fitness, or relaxation, we understand that a pool is a significant addition to your home. That’s why we offer tailored financing options to bring your dream pool to life!

    Understanding Pool Loans: Your Gateway to a Backyard Paradise

    The Basics of Pool Financing

    Dipping into the world of pool financing might seem daunting, but it’s quite straightforward. With JVM Lending, you can explore various pool financing options to suit your needs. We offer:

    • Low-Rate Mortgage Options: Secure financing with competitive low rates.
    • No Credit Check for Quotes: Get started without impacting your credit score.
    • High Financing Percentage: Finance up to 97% of your home’s future value (with the pool value included).
    • Zero Cash Out-of-Pocket Options: Begin your pool project without spending cash.

    Pool Financing Options Explained

    When it comes to financing a swimming pool, you’re not limited to one approach. Here’s a look at some popular pool financing options:

    1st Mortgage Loan Options

    These loans replace your existing mortgage with a higher loan balance (to include the cost of the pool) at a new mortgage rate.

    • Cash-Out Refinance: Take out up to 80% of your home’s current value to use for expenses as needed. Cash is wired directly to you to spend as needed, on your schedule.
    • Renovation Loans: Take out up to 95% of your home’s future value (after improvements). Cash is held in escrow and only provided directly to contractors.

    2nd Mortgage Options

    These loans are added behind your first mortgage as separate items, so you can keep your current low mortgage rate.

    • Home Equity Line of Credit (HELOC): This is a variable-rate loan that lends up to 90% of your home’s current value. You are approved for a maximum amount, and you spend only what you need.
    • Home Equity Loan (HELOAN): This is a fixed-rate loan that lends up to 90% of your home’s current value. The full loan amount is distributed at closing and you make fixed regular payments over your preferred interval.
    Get approved to refinance.

    See customized expert-recommended refinance options.

    Using Freddie Mac’s CHOICERenovation® Loan for Your Pool Project

    Are you considering adding a pool to your property but unsure about the best financing route? Freddie Mac’s CHOICERenovation® loan offers a unique and flexible solution for your pool financing needs. This program is versatile and enables homeowners to finance home renovations, including pools.

    Key Features of CHOICERenovation® Loans for Pool Financing

    Comprehensive Financing

    One of the standout features of the CHOICERenovation® loan is its ability to cover a wide range of home improvements, including the addition of a pool and other “luxury” upgrades. This means you can finance the construction of your new pool along with any other home renovations under a single loan.

    Increased Home Value For Approval

    Investing in a pool can significantly increase the value of your property. The CHOICERenovation® loan recognizes this potential by allowing borrowers to borrow based on the projected future value of the home post-renovation – up to 95% of that value!

    An appraiser determines the future market value improvement post-renovation, and we approve the loan based on that value.

    Flexible Terms

    The loan offers various terms and options, catering to different financial situations. Whether you prefer a fixed-rate mortgage for predictable payments or an adjustable-rate mortgage for lower initial rates, there’s a choice that fits your needs.

    Through JVM Lending, the process of applying for and securing a CHOICERenovation® loan is streamlined and efficient. This means less hassle and quicker turnaround times, so you can start on your pool project sooner. Start your loan application here.

    How It Benefits Your Pool Financing

    • Higher Approval Amounts: If your borrowing capacity is restricted by your current equity amount, this option can raise that ceiling by allowing you to consider your home’s future value for approval.
    • Consolidation of Costs: By including the cost of your pool in this renovation loan, you can streamline your finances, dealing with just one loan and payment for all improvement projects.
    • Potential for Lower Interest Rates: Compared to other financing options like personal loans or credit cards, the CHOICERenovation® loan will offer lower, fixed interest rates, since it’s secured by your home.
    • Long-Term Investment and Long-Time Horizon: Financing your pool with this loan can be seen as a long-term investment in your property’s value. And, because these loans can be spread over 30 years, the payments may be more affordable than other alternatives.

    In summary, Freddie Mac’s CHOICERenovation® loan presents a smart and efficient way to finance your pool installation. It combines the convenience of higher property valuations, consolidation of multiple home improvement projects, potentially lower interest rates and payments, and the advantage of increasing your home’s value, all under one manageable loan. For homeowners looking at options like pool loans or swimming pool financing, this loan offers a compelling alternative worth considering.

    Calculating Your Pool Financing

    Pool Financing Calculator: Your Planning Tool

    Embarking on financing a pool requires careful planning. Using a pool finance calculator to estimate your repayments and find the best way to finance a pool. Remember, the average cost of pools varies depending on what type of pool loan you pursue, so it’s crucial to have an accurate estimate.

    Factors Influencing Your Pool Loan

    Several factors can impact your pool loan, including:

    • Credit Scores: Influences your interest rates and loan terms.
    • Repayment Terms: The duration of your loan affects your monthly payments.
    • Pool Cost: The size and type of pool and the choice of pool installers.

    Why Choose Cookie Cutter Pools?

    Choosing Cookie Cutter Pools for your new pool offers several advantages. They specialize in custom gunite pools and have a reputation for quality workmanship at reasonable prices.

    With nearly 50 years of experience in the construction industry, they bring a wealth of knowledge to the pool-building process. Their focus is on creating pools that suit all shapes and sizes, tailored to the customer’s needs. Additionally, they have evolved from offering standard designs to fully customized pools, indicating their commitment to meeting diverse client requirements. Their goal is to create a family-friendly environment that turns your backyard into a vacation-like oasis, fostering family time and making lasting memories.

    For more detailed information, please visit Cookie Cutter Pools.

    Next Steps: Making Your Pool Dreams a Reality

    Financing your dream pool shouldn’t be a hassle. With JVM Lending, you can navigate the pool financing process with ease. Whether you’re looking at inground pool financing or financing swimming pools of any type, we’re here to help. Ready to take the plunge?

    Contact us today to learn more about our pool financing options and start your journey to a blissful backyard experience!

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