More and more countries are being added to the list of countries that Americans should avoid traveling to. Combine that factor with the current economy and you have a recipe for a "stay-cation" rather than an expensive trip to an exotic location. However, what is a stay-cation without a swimming pool. More and more people are opting to stay close to home, and as a result are looking to make their homes more comfortable and appealing. So, even with the worries about money and the stock market crash there are many ways to obtain pool financing.

However, before you begin looking at different financing options it is best to decide on your pool builder. This is a process in and of itself which we won't go into here. Once you have decided on a builder you will have a good idea of the amount of money you'll need. Builders will often be able to give you advice concerning which option for financing your pool is best in the current market, and some may offer financing themselves. However, while the builders advice and expertize may be invaluable be sure to do your own research and make the decision that is best for you financially. Don't be pressured into a financing option based on a someone else's opinion.

When people build or buy a new home they often want to get everything over with and put in a pool as well. In this scenario it is possible to tie your pool financing in with your home financing. However, this may not be the best option, as paying off a pool over 30 years can result in a hefty amount of interest (usually more than the original sum of the pool). This option while convenient may not be the smartest option. It is possible to apply for a separate shorter term loan in addition to your mortgage – although applying for so many loans at once may be daunting. Also, home builders often require you to choose a pool builder from their pre-approved list of builders.

The other scenario involves putting in a new pool on your existing house. There are two pool financing options with this scenario: a line of credit based on the equity you have in your home, or a second mortgage. Both options have their pluses and minuses. A line of credit typically has a lower interest rate, however the interest is compounded monthly rather than yearly (as it is with a mortgage). However the interest rate of a mortgage is usually higher. Therefore it will depend on your personal credit and income when you make the choice.

Some people attempt to pay with a credit card, however most reputable pool financing companies won't accept a credit card as a method of payment as the interest payments are insane and it can indicate the persons inability to get other financing. Also it is wise to choose a lender that is familiar with pools and will be able to give you a decision in 5 or so days rather than stringing you along for several weeks.

Line of credit, second mortgage, commercial bank, small town bank, financing through the builder, there are many options for pool financing. If you are wise with your money you will be able to make the decision that's right for you and make every day a vacation at your house.