TIPS FOR FINANCING A HOME PROJECT

I recently had a call with a client who was looking to fund the construction of a swimming pool at his house.

- MARIO R. HERNANDEZ

The client had enough cash to pay for the project but wanted to weigh all the financing options. This is the type of advice we as financial planners are often asked to give.

Funding a large purchase should be thoughtfully planned. I always recommend that clients take a moment to consider how a potential purchase impacts their overall financial plan and long-term goals, and I work with them to quantify those impacts. If you decide that a purchase aligns with your goals, then you can think about how to fund it. Here's a rundown of some common options.