One of the things our customers are concerned about when working with Perfect My Home is how the finance process works. What are our options if we want to pay some in cash and finance the rest. What is covered under the financing, what if we use our bank or another lender will you accept that. We have heard an endless amount of questions which is really good because it prepares us as a company of what to expect to be able to answer your questions and put you at ease. Once you are done with this short article you will see just how easy it is to finance a project with us, even one of our hot tubs in Edmond. We are going to walk you through some helpful information so when you come see us in one of our showrooms you are prepared and have a good idea of what the financing process looks like at Perfect My Home.
If you are interested in a pool project Lyon financial is our main lender. They offer incredible loans that can be paid off in up to 20 years completely unsecured. They care about providing great customer service and offer very competitive rates that are quite difficult to find anywhere else especially on a backyard project like a pool. You have access to apply with them before even coming into one of our showrooms. Their link is available on our website or you can come to our showroom and apply and see our hot tubs in Edmond. After completing the application which is a very simple question then you should receive a pre-qualification on the project. Here is where you may have to dig up some information because they will be requesting them from you to finalize your approval. If you have most documents handy or in an easy location to find this part of the process moves quickly.
Perfect My Home has a few different lenders you can work with if you are purchasing one of our hot tubs in Edmond. Or you can use a financing company you decide to work with like Wells Fargo or tinker. Most of our customers like to go this route if the project is not that big and they know about their own banks and how their processes work which is fine for us. We just advise that you be sure what they will cover and what they will not because not all lenders cover everything. We will just need to know what you decide to do and what lender you have selected to go with so we can list it out on your contract to sign that shows everybody is on the same page. Some of our customers even take equity out of their homes. With our experience this sometimes can be more of a longer process because it’s like buying a house all over again. You have to go through the underwriting process, submit documents, and more. When you go this direction please keep in mind your project may not be started for 4-8 weeks, maybe longer depending on who you’re working with and how quickly you can submit the requested documents needed from you. In the meantime if any selections are needed from you it’s a good time to do them or testing out any of the hot tubs in Edmond to know which one will work out for you and your family best.
After completing everything with your finance lender , you will hear more from Perfect My Home concerning your project. Even if you use one of the lenders we submit documents to the lender like your contract. They do not release any of your personal information to Perfect My Home all we know is that you are approved. So we will send them your final contract and proposal that you and your sales man at Perfect My Home have agreed upon. It is important that you pay attention to the draws that will be submitted as it will be your responsibility to approve them upon completion of the lined out draws in the contract. An example of a draw would be
Payment 1: 25% Deposit
Payment 2: 10% Excavation
Payment 3: 10% Shell Shot or Walls Set
Payment 4: 10% Tile & Coping
Payment 5: Concrete
Payment 6: Pool Equipment Set
Payment 7: Kitchen or Fireplace (excluding granite and appliances)
Payment 8: Plaster
Payment 9: Final – Completion
The above example is a draw schedule for a pool but remember your draws will be completely custom to your project and what you are purchasing. If you are using your own lender and they pay us directly they will be in touch to let us know whether or not our draw schedule is approved. That’s why Lyon is number one for our pools because they match our customer draw schedules which makes things a lot easier for you as the homeowner and us as the contractor. Lyon also has a loan option where they will give you the homeowner the amount of the project and it will be up to you to submit the payments as we have lined them out. We have a few customers who have gone this direction but most choose to have Lyon or any lender pay us directly. One of the perks of working with Lyon is that you still have some control over when payment is released to Perfect My Home because we have to submit pictures when a draw is completed and you then have to approve the draw to be released to us.
We would love to give you more information at our showroom where you can see the hot tubs in Edmond. Our sales team is just as knowledgeable about the financing process. We have talked many people through the process and just how easy it is. We are patient with you because we know it can be a bit overwhelming when making big purchases especially with something new so we want to make you feel at ease trusting we are not the highest rated most reviewed company for no reason. So come check us out and our hot tubs in Edmond.