Episode 266: How Swimming Pool Financing Works & How to get the Lowest Rates + Longest Terms for the Lowest Payment Possible with Lyon Financial

Dec 22

In this episode of the Pool Chasers podcast, host Greg Villafana engages in an insightful discussion with Carla Barrera and Jessica Wood from Lyon Financial, exploring the nuanced world of pool financing. The conversation covers a range of topics, including the differences between secured and unsecured loans, the typical costs involved in pool installation, and the impact of credit scores on financing options. Carla and Jessica emphasize the importance of choosing the right pool contractor, delve into the specifics of the loan approval process, and discuss Lyon Financial's unique long-term loan offerings. Additionally, they touch on the return on investment for pool installations and the upcoming initiatives at Lyon Financial. The episode is packed with valuable information for anyone considering financing a pool, offering both practical advice and industry insights.

Topics Discussed:

[00:03:16] What is pool financing and how does it work?
[00:04:44] What are the initial steps you should take when considering financing a pool?
[00:06:13] What is the typical cost range for installing a pool?
[00:07:37] Is there a minimum or maximum that can be financed?
[00:08:54] Are there additional or overlooked costs associated with financing a pool?
[00:11:03] How does the loan approval process work for financing?
[00:13:41] How do people find swimming pool financing?
[00:15:38] How long does it take to complete a finance application?
[00:16:06] Tips for first time pool buyers
[00:17:25] How does credit score impact the pool financing options available?
[00:18:24] Are there financing options available for individuals with a lower credit score?
[00:18:51] How do the loan terms typically compare between different financing options?
[00:19:59] Is a down payment typically required when financing a pool? If so, how much is most popular?
[00:21:11] How should homeowners select a pool contractor
[00:24:46] Can a homeowner use multiple contractors when financing their project?
[00:26:59] The ROI of installing a pool, both in terms of property value and lifestyle
[00:29:16] Does the type of material of the pool affect financing options or costs?
[00:30:02] What advice do you have for listeners who are on the fence about whether to finance a pool or not?
[00:31:32] Resources and tools
[00:33:48] New and upcoming for Lyon Financial