Lyon Financial

LyFi Pool School 103: A Look at Rates & Terms

Signature Loans

Financing a home improvement can be one of the best decisions you make for your home and your family. As long as you align with a reputable company that takes your unique situation into consideration, you can make a conscious decision with confidence.

At Lyon Financial, we have been helping homeowners improve their homes since 1979 — in every market, through every design trend. From the avocado green and harvest gold appliances of the seventies to today’s spectacular infinity pools, we have seen it all!

What has never changed is our commitment to providing the financial solution that suits. One size pool doesn’t fit all and neither does one size loan. You must feel comfortable with your monthly payment. That’s one of the reasons we make the “small print” big. Full disclosure along with a comprehensive consultation is the formula for our brand of financing success.

Lenders

You can go to storefront businesses like Amscot to get advances on your paycheck or a percentage of your tax refund early. These short-term loans can be useful and are popular. But if you want to improve your home, which lender to choose? Given that lenders advertise all the time it can be confusing.

Case in point, the institution that granted your mortgage is not necessarily the right fit when you’re making home improvement-type changes. Mortgages are their business, but that’s a whole different type of loan.

You can approach banks or credit unions, but they don’t specialize in the unique funding related to swimming pool and home improvement financing. These loans, however, are in our wheelhouse! We specialize in them exclusively and associate only with the finest lending resources in this sector.

Additionally, because it’s our specialization, we know how to consistently adapt to the economic climate as well as the types of assistance home improvement clients want. That allows us to offer the most flexible financing options available. Along with our A+ rating with the Better Business Bureau, Lyon Financial currently offers a wide selection of financing opportunities.

Nationwide signature swimming pool and home improvement loans:

  • Fixed rates as low as 6.99%
  • Terms up to 20 years
  • Loans up to $150,000

Based on the loan purpose, amount, term, and your credit profile we will work with you to calculate everything down to the last penny so you may proceed with assurance.

Loans

In contrast to secured loans, signature loans are not attached to any collateral. That means you don’t need to use your house as a guarantee to meet the criteria.

Unlike a home equity line of credit (HELOC) or even a mortgage, your interest rate and qualification are based on your credit score. With signature loans the only assurance the lender has that you will repay the debt is your creditworthiness and your word.

When installing a swimming pool or outdoor kitchen, there are advantages to borrowing funds instead of paying cash. Although you will incur interest as you would with any kind of loan, the better your credit, the better the rate.

If you are planning home improvements, borrowing may be preferable to dipping into your savings because you’ll:

  • Maintain your liquidity for emergencies and continue to earn interest in your savings products
  • Have the flexibility to make home improvements sooner rather than later
  • Make another positive contribution to your credit history
  • Determine a payoff timeline that best suits your situation

With Lyon Financial’s access to signature loans with terms up to 20 years in amounts up to $100,000, you really can create the home of your dreams. All you need is one of our account managers who will work with you to help you make the decision that’s right for you. Every family and every goal are different. That’s why you deserve a financing solution as unique as you.

What Can You Finance?

We may have started out originally financing just backyard pools because that’s mostly what families wanted back then. But today, resort-style living is found in every backyard in every town across America. While the pool is still the jewel in your backyard’s crown, we also finance:

  • Pergolas and patios
  • Outdoor kitchens
  • Pavers and masonry
  • Fireplaces
  • Roofs
  • Spas
  • Gazebos
  • Patios and decks
  • Natural swimming ponds
  • Cabanas
  • Lighting design and sound systems
  • Al fresco bars and tiki huts
  • Brick pizza ovens
  • And just about anything else you can think of!

At Lyon Financial, we like to say, “More than just a pool loan, because it’s so much more than just a pool” since outdoor living is a way of life. These are the spaces that bring families together. These are the spaces in which memories are made and milestones celebrated. The modern American family has moved from the family room to their outdoor entertainment center…and they’re loving it!

We are living in an al fresco lifestyle renaissance. Every amenity you can enjoy indoors can be constructed for your outdoor space; the list is endless. It’s what you can easily call the best of both worlds!

With more than 40 years in the industry and our award-winning customer service, we have over 400,000 satisfied customers nationwide. Besides our superior customer service and exceptional account managers, we are the industry leader because we deliver personalized, hassle-free financing solutions that are tailor-made to each project’s individual needs.

Lyon also offers the flexibility you need. There are no pre-payment penalties. Therefore, you can pay the loan off early to avoid additional interest. If you wish to make extra payments, those will be put toward the principal of the loan. We work to make the ideal lending suggestions that suit your home improvement project and fit your budget.

If you’re thinking about giving your family the gift that will keep on giving, we’d love to provide the means behind that goal and help you make that happen!

Providing pool and home improvement loans since 1979, Lyon Financial loves outdoor entertainment centers. We also love the difference we can make for your family by providing something that puts years of memories within reach. Call 877-754-5966 for more information about our personalized financing solutions.