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advice on financing a swimming pool
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1928jame



Joined: 14 May 2008
Posts: 1

Posted: Wed May 14, 2008 2:24 am    Post subject: advice on financing a swimming pool  

Does anyone have advice on financing a swimming pool? I already have a HELOC and combined with the amount I owe on my mortgage does not allow for much home equity. I seriously doubt my ability to obtain a 3rd mortgage. Even if I refinance and combine the mortgage and HELOC I still won't have enough equity for the pool.

What kind of options do I have. I need to borrow a significant amount (50K).

Seems like home improvement loans are usually for smaller amounts and have a higher interest rate.

My credit isn't stellar, but isn't bad either (673, 701, 711 for the 3 agencies) hubbies is probably better.

thoughts?
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liverichly



Joined: 10 Feb 2005
Posts: 195
Location: Orange County, CA

Posted: Sun Jul 20, 2008 12:39 am    Post subject:  

You'll need to plop down 10% but there are conventional rehab loans which will enable you to finance a swimming pool.
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