Financing

[Trash1]

Can anybody weigh in on how to finance a pool? Is it better to use a bank or what the PB suggests?

 

[lager1829]

Compare rates. The PB is probably getting a few basis points for the recommendation. I had luck with LightStream back when we did ours, but their rates look pretty high today.

 

[l1ltaral1l]

If possible, look into mortgage refi rates. They are quite low right now!

 

[Newdude]

Make some calls. Our PB gave us a # to call (lightsteam like above) and at that time the rates were great. What we liked about lightstream was that it was a standalone loan like a car loan that had nothing to do with the mortgage.

 

[l1ltaral1l]

Or even a HELOC if you don't have a mortgage. Lots of options!

 

[Turbo1Ton]

We used the PB's recommended financing company. The rates were reasonable. There was not quite enough equity in the home to do what we wanted to do. Like NewDude, I liked that it was standalone and was not tied to the mortgage at all.