Custom Inground Pools & Spas: April 2008

Friday, April 18, 2008

Swimming Pool Financing

Swimming Pool Financing is more difficult these days due to the ongoing real estate troubles. If you're wanting to have a new custom pool this year, you could face obstacles in getting financing for the project.

The basics:

Financing for home improvements is still readily available IF you are a good credit risk.
A good credit risk entails the following:
* Mortgage payments have been made on time over the last 12 months
* Debt is not excessive as compared to income
* Income is verifiable
* Credit cards, auto loans, other creditors have been pretty much paid on time.
You could have a blemish or two on your credit and still get financing for your home improvement, especially for an inground pool project. So long as you are stable with income and credit, no equity is required to get the home improvement loan for a new pool.

With the mortgage meltdown, lenders are cautious and the best way to get pool financing if you don't have equity is through a pool builder that has dealer financing for their swimming pool projects. When you work with a pool contractor that is a dealer, they will have special arrangements made that can help to get you the best interest rates and terms for your pool project.

If you have equity in your home and good payment history, good credit, etc. you probably won't find any trouble in securing funds for your swimming pool project. If you have only a first mortgage (no second), even if there's no equity in the house, either because you financed 100% of the home amount or because the value has dropped, it shouldn't be a problem to get a swimming pool loan.

In fact, even if you have an existing first and second mortgage on the house you can usually still get a pool loan. In this case, it would be made as a 3rd mortgage on the house. Interest rates for a 3rd mortgage loan are usually a point or so higher that that of a 2nd mortgage loan but again, the rate you get will be determined upon your overall credit standing and fico credit score.

Usually you will need a fico score of at least 640 to qualify for a swimming pool mortgage loan. As with everything else in life, higher credit scores receive the best loan rates.

The trouble these days is with declining home values, especially in certain areas. Southern California, Nevada, Arizona are states which are having bigger problems with declining values than in other areas of the country.
If you live in one of these states, some cities have experienced such a decline in housing values that homeowners now owe more on the home than it is worth. This can be a problem in securing financing for any kind of home improvement.

If you don't know the current value of your home, you can do a quick value check online. A couple of good places to check home values online are and

Even if you're a little "upside down" with your mortgage, a good pool builder finance program might be tha answer to securing funds for your project. In Southern California, www.PoolsByWaterworld offers dealer financing for swimming pools as 2nd or 3rd place mortgage loans without equity required. Their website has information on pool financing with little or no equity required. Mortgage loan interest is usually deductible and their programs are simple interest, no pre payment penalty. This means that you can refinance later down the road and not have a penalty for early loan payoff. They also have deferred payment programs so you can build a new pool and the payments don't start for 3 to 6 months. That's nice!

Summer will be here soon, swimming pool financing can take a couple of weeks from the time you submit your application until the loan has funded. Swimming pool permits in certain area also take time so if you're thinking of enjoying a new pool this year, it's time to get going so you'll be ready to swim when the heat is on!

Friday, April 11, 2008

Swimming Pool Design & Planning

Just about everyone loves the idea of having their own backyard swimming pool.
There are two basic classifications of pools, above ground and in ground pools. We're here to talk about custom in ground pools.
Of the inground pools you can find, vinyl liner, fiberglass and the concrete type. Concrete type pools are those made of gunite and shotcrete which are structurally the strongest and with longest life for your investment.
When considering the construction of a new swimming pool, most homeowners prefer to have the inground concrete type custom designed and built for their yard. Custom designed pools can offer many features which are superior to vinyl liner or fiberglass pools. Admittedly, liner pools and fiberglass pools have improved over the years but they are not comparable to the concrete, gunite, shotcrete swimming pools.
An inground concrete type custom pool will outlast the others and best of all, it can be completely remodeled and updated when it gets old. Vinyl liner pools and fiberglass pools do not have this big advantage and usually they are very costly to replace. When they get old, they usually need complete removal which is very costly, as opposed to the concrete types which can have a simple resurfacing done and it will look brand new again. Another advantage is the better value it will add to your home, and financing is easier to get for concrete pools, and usually better interest rates are available too.
If you're thinking of having a custom pool built it is best to work with an experienced swimming pool builder/contractor. There are many considerations to make and proper pool planning can eliminate frustration and unexpected costs during the construction process. A good pool builder will help to make you aware of everything you need to know before you get started so you can avoid these kinds of problems. An experienced pool builder can help you with the many details. With many options available today, a professional builder should take the proper time to see that you get quality equipment and materials so your finished pool will look great and operate efficiently. This blog is intended to help with proper pool planning and to avoid unexpected problems with your pool construction. There are so many things to talk about and it will take more than a day or two to get all the information on this blog. Meanwhile, you can get additional information and advice on pool planning by registering at It only asks for your email and will automatically send you lots of information for proper pool planning. When you're ready to get started on pool building you can see many custom pools here too which are complete with pricing information. No games, everything upgraded and everything that's needed to make the pool working the way it should and with those items that are most important to you. That's a nice change as it is usually a mystery world on inground swimming pool costs. Anyway, get started and subscribe there for the tips and advice you need for planning your swimming pool.
This is a Southern California custom pool builder site serving Orange County, Riverside County and San Bernardino county but the information given is applicable to most areas in the US for swimming pool construction. Of course different parts of the country have different concerns, we're aware of many of them so if you have other questions or problems that you need help with then just send us a post and we'll try to help with the answers.
We can't be the pool builder for the world but we can help you with very important matters on planning your custom pool no matter where in the world you reside. Subscribing for the information is free and it could save you thousands of dollars, at the very least, it will save a potentially big headache if you have issues that your pool professional missed. Yes, missed. it happens all the time, many pool builder representatives lack the experience needed to plan the pool for your backyard. When this happens it can mean unexpected surprises during your construction, these are suprises that you'll be expected to pay for. Why not be better prepared from the beginning so you can be aware of everything needed before you start your pool construction process.
Visit and subscribe to the information available.
If you're interested in having custom waterfalls, rock water features, sheer descents, water cascades, fountains, bubblers, or other water features you can also visit They have videos of custom swimming pools with waterfeatures and rock waterfalls, grotto waterfalls and such. You can see what the pool looks like with the custom inground swimming pool photo galleries at either of these sites but it is nice to see the little videos so you can know what it's like to have a waterfall or waterfeature on your swimming pool. They're not always in the budget and if you're thinking of having a rock waterfall with slide and grotto at the pool it will cost you. If on the other hand you only want to have a simple water feature for your pool, it doesn't have to cost a fortune. The videos at help so you can see how they sound and how they look while running. The website at can tell you the price for having one built in your backyard.
Check them out and subscribe to us for more on everything about inground custom pool planning and construction. Send us your post or comment, we look forward to talking about pools and helping in any way we can. Let US help create YOUR dream pool.

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