Banking -- Demand loans and Term Loans
3 -- Demand Loans
Demand loans are short term loans (typically no more than 180 days) that are atypical in that they do not have fixed dates for repayment and carry a floating interest rate which varies according to the prime rate. They can be "called" for repayment by the lending institution at any time. Demand loans may be unsecured or secured.
4 -- Term Loans (Interest-only Loans)
It is a loan in which, for a set term, the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest-only term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and interest payment (or amortized) loan at his/her option.
This kind of Interest-only loans is not available in Canada.
Additionally, if you decide to go with an aboveground pool and want to add a deck around it, you should check with your local government to get specifics on the laws in your area pertaining to deck installation.
No matter what you decide, make sure you meet with an installation professional to discuss your options based on space, city regulations and price points.
Above Ground Pool.
Additionally, pool materials in aboveground pools are far cheaper than in-ground and have a wider variety.
Pool Accessary Options.
Types of Pool Water Sanitation.
There are a variety of pool water treatment options beyond the traditional chlorine, although it remains the most popular option.
Chlorine is added to a pool to combat algae or other bacteria that can gather in the water. Chlorinated water relies on a proper pH balance to prevent an overly chemical-smelling pool.
While saline pools, also known as saltwater pools, are not chlorine-free, they consist of a salt-chlorine generator that produces lower levels of chlorine.
Mineral water pools are chlorine-free and use disinfecting minerals to prevent bacteria and algae.