What are the advantages and disadvantages of pool loans? If the client has said they would like to keep their monthly loan payments under a certain amount, and the Check My Rate tool estimates their payment is under that, thats the perfect chance for your salesperson to say, Looks like you can afford to add that kitchen island (marble counter, oak flooring, built-in spa, pool houseyou name the upgrade!) We do one thing and we do it better than anyone. The approval and funding process is quick and simple, so theyll have the funds to get started on their project quickly. Contact: Larry Collins 1-800-254-9560 Ext 3 or Apply At: Program is offered to consumers with excellent credit. Look no further than HFS, their team is simply the best!, We love sending our clients to HFS. With financing from HFS Financial, youll have a way to show them just how little a monthly payment can be for their project. Before each stages payment is released, we ask that you complete a brief electronic form to verify that the scope of work for that stage has been completed. In the Non-Bank Financial Service category. With HFS Financial you can bundle nearly all of your home remodeling projects together in one easy-to-pay financing option. To answer the question about which credit bureau does Lyon Financial use? Companies can ask for reviews via automatic invitations. You can then use that lump sum to pay for your pool, and youll pay it back throughout the course of your new mortgage over the next 10 to 30 years depending on your loan terms. Can I Offer Contractor Financing for ADUs? Privacy Policy and Terms of Service Advertised rates and terms are subject to change without notice. But most of all, it means making memories that will last a lifetime. Since most homeowners rely on financing to complete their home improvement project, simply talking to them about the overall price isnt enough. Advertised rates and terms are subject to change without notice. Additionally, Lyon Financial has a higher customer satisfaction . No. The APR listed is for a signature loan between $50,000 and $200,000 with a term of 360 months, for applicants with excellent and substantial credit (including but not limited to a minimum credit score of 800 and a debt-to-income ratio/DTI of 50% or less). Rates start at 6.49%. If your credit score is less than 600 or you do not yet have a credit history, you can still hold out hope. BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Conditions and limitations apply. The loan options are based on your income and creditworthiness. Loans up to $500,000 Loans powered by HFS are personal loans, which means no equity = no problem. never talked with a human. Signed contract with Lyon financial in 12/2019 unbeknownst to us or never explained that ********** would own the loan. Make sure any additional work like constructing safety fencing is included in your estimate. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. When you offer financing through HFS Financial, it comes complete with one incredible perk its completely free to you! Plus, they will have the industry-leading customer support team from HFS Financial on their side whenever they need us. Its your money and we believe you should be in control. There are no hoops to jump through, no home equity needed, no down payment, and no need to pay for a home appraisal. The loan options are based on your income and creditworthiness. The information you provide for your swimming pool loan will enable HFS to determine the different loan options available to you. We explored a home equity loan but found out quickly that the HFS team wanted our business and created an excellent customer service environment. A conditional approval is available within 24 48 business hours. The pool companies typically arent offering the loan to you themselves, but theyve partnered with a lender or network of lenders to provide you with financing options. Whether you send them a link or walk them through the process in your own office, they will quickly see just how convenient and hassle-free contractor financing can be. For Contractors. Getting a home improvement loan or swimming pool financing doesnt have to be a complicated, time-consuming process. We are clear and upfront about every aspect of your loan. Unfortunately, many other companies take a customers information and scattershot the request to all their lenders. With a HELOC, you can pull out funds as needed to finance your pool construction and other home improvement projects. So happy to work with them and would recommend to anyone. Heres How to Cope With Financial Stress. Carrollton Pool Financing | Douglasville Pool Builder Financing | Allison Landscpe & Pool Company Your customers will know upfront how much they are approved for, the scope of the project they can afford, and the way the funds will be received. Lyon Financial uses the Citizens Bank, which is located in Boston, Massachusetts. Re-imagine your backyard with a dreamy swimming pool loan. They did a great job on approving us without any issues. If you want to get a pool loan, who should you get it for? How many years can you refinance a pool for? Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. Subject to change. - All rights reserved. JavaScript is disabled. Some other things that make us stand out: This is probably our most frequently asked question. We take care of all that for you, meaning your staff can focus on what they do best providing the best home improvement experience possible. What types of home improvement projects can I finance? We particularly enjoy the quick turn-around times for the loans and the excellent communication we receive. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Lyon Financial has specialized in swimming pool financing since 1979, making them leaders in their field. Close the deal by simplifying the lending process. $75,000 maximum loan amount If approved for an unsecured personal loan, you can usually receive funds within a couple of days, much quicker than some other financing options. Swimming Pool Financing & Pool Loans | Lyon Financial Our mission is also to help contractors get paid easier, reach more customers by offering financing, and build their businesses. Once they enter their preliminary information, one of our amazing customer care team members will be in contact with them quickly to let them know their loan options for their project. Subject to change. Financing - Nails Creek I really don't want to have to borrow money for a pool, but my wife and I would really like something now instead of next year so I am hoping to have it paid off withing a year. For over 40 years, Lyon Financial has provided personalized, hassle-free financial solutions to bring backyard dreams to life. This business is in an industry that may require professional licensing, bonding or registration. I highly reccomend HFS Financial! An inquiry you submit to Lyon Financial is for the purpose of obtaining additional information regarding a potential loan provided by a third-party lender under terms & conditions arranged directly between you and such lender, and conditioned upon the completion of all credit documentation. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Theres almost no limit to what customers can finance through contractor financing for their residence. With funding for up to 120% of their project, they will have the money in hand that they need to make their vision a beautiful reality. Lyon Financial Lyon Financial Lyon Financial. Use their 60 second loan application to kick off the loan process. Will you be applying for an unsecured loan or do you plan to tap into your home equity or refinance your mortgage? Thanks guys! What they really need to know is, How much is the monthly payment, and does it fit into my budget?. If your house didnt already come with a pool when you moved in, theres still a possibility of turning your pool fantasies into reality if you have enough space. They are both similar in that they offer competitive rates and terms, and they both have a wide variety of repayment options. Available on approved credit, not all will qualify. Lyons only pulls your credit once. Approved within hours. National Contractor Success Manager at HFS Financial Dallas-Fort Worth Metroplex. Train your sales team to discuss financing with every single client. Some pool builders or retailers offer in-house loan programs through their partner lenders. The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. Conditions and limitations apply. Because of their high interest rates, credit cards are usually not recommended as options for financing a new swimming pool. It is personally reviewed by a member of our loan team. Advertised rates and terms are subject to change without notice. Then they can pay you directly with no delay. Terms, amounts, and APR may differ based on loan purpose and credit profile. Lyons Financial is a highly respected financial institution, and as such, they have high standards for who they approve for loans. Great option if you want to preserve your current mortgage rate like us. This ensures that funds are not disbursed in advance of work being completed. Offering contractor financing is the foundation of your successful business. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. This may be a good task for a web developer, or feel free to reach out to your HFS contractor success manager and we will take care of this process for you. Readily available to answer any question or concerns. I don't like the idea of my credit being inquired 6-8 times, I would rather deal with one lender that I feel comfortable dealing with. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. We use cookies to optimize our website and our service. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. This experience was amazing. To download promotional materials or a widget for your website, visit our Contractor Resource Center. . Each program pays in at least three stages, from excavation to project completion (as defined in the contract). . If you need decades to pay back the loan, you might consider refinancing your mortgage or taking out a second mortgage. Benefits of working with HFS. When you refer your clients to HFS, they wont have to worry about coming up with a down payment or any other funds. Prompt response to any questions we had and navigated the finance to contractor relationship with ease. Maximum loan amount of $75,000. Adam made sure that everything was explained and kept us informed of all ongoing actions. Loans for non-pool/standalone home improvement projects may incur different rates and terms based on loan purpose. This also ensures that you are not left holding the bag for any financial losses as a result of bank funding delays or denials. International Association of Better Business Bureaus. From application to funding the process was very easy with no unnecessary time wasting in between. Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. This includes loans for people with bad credit and loans for people who are self-employed. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Thats right, no car loans, no mortgages, no student loans. A cash-out refinance is essentially when you replace your existing mortgage with a new mortgage that exceeds what you owe on the house and you take out the difference in cash. Plus, there are no hidden fees like origination or closing costs, which can come as a surprise with some other lenders. If you have a credit score of 600 or higher, you are more likely to qualify for a pool loan. If you want to add a pool to your property, but dont have the cash upfront, you have several options. Pool Rx works with Lyon Financial and HFS Financial to offer pool financing options for you to finance your backyard dream. They can apply for a loan for up to 120% of their full home improvement vision and pay for it over time with convenient options. However, there can be situations where itd make sense. Here's a summary of how we make pools and spas and pergolas happen! Subject to change. For Customers. Lyon Financial is a financial services company that offers a variety of products and services to its clients. I called Lyon Financial today, the lady I spoke to said that they shop your credit score with 6-8 companies to get you the best loan option out there. | Cookies Settings. By working with HFS Financial, you offer a streamlined lending process to your customers, with clear expectations and an easy-to-understand process that will leave your customers feeling satisfied and secure. HFS's platform loans are . Verification can help ensure real people write reviews about real companies. Unlike most home improvement loans, you the consumer get all the money funded directly to you, upfront. We will arbitrate between you and the contractor, should any conflicts or misunderstandings arise. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. With affordable payment plans and fast approvals, HFS Financial makes it easy to begin your dream home remodeling project today. Krystie proactively sent us updates on process and projected timelines and never left us wondering exactly where we were at any given point. That makes the APR on their fixed rate of 6.75% about a point higher. Expect to provide information about your income and other existing debt. However, just like with a home equity loan or HELOC, your home is being used as collateral, and youll face additional fees involved in the refinancing process. We are financing experts who provide the means to fulfill your backyard dreams. Its simple to find the best financial services in your area. Tourisme83 is both a tourist guide of the Var, but also a directory. Adding a small plunge pool to a cleared, flat space in your backyard will cost considerably less than adding a resort-style pool with waterfalls and a jacuzzi to your property that requires you to cut down multiple trees and level the land. You could also check local credit unions for better rates. Customers who get frustrated with other lending processes are often customers who throw in the towel on the project. I also used hfs financial which brokered the deal to a credit union for a fee of 1500.00 if I remember correctly. With HFS Financial, you spend more time thinking about how to improve your home and less time worrying about am I getting a good rate?how is the financing coming along? With HFS, you can rest assured you will be provided with industry leading loan terms and the best customer service experience possible. I had the loan done in a week. We want to help you have the staycation of a lifetime, by getting a swimming pool in your own backyard! Their rate is low, but they have a $1995 "processing fee" paid to them out of the loan proceeds. Not all will qualify. on after all.. A borrowers credit score, credit history, income and existing debt load all affect the interest rate. Payment example: Monthly payments for a $50,000 loan at 6.99% APR with a term of 20 years would result in 240 monthly payments of $387.35.
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lyon financial vs hfs financial