Mortgage Refi Question

[mww982]

We are in the middle of having a pool built at our house and want to refinance the house. With the way house prices have risen and the little bit of value the pool will add, should allows to drop our rate by about a percent and drop the PMI. Do I have to wait to have the pool done to refinance or can I get the process started now for a close in January.

Pool will be hopefully be done mid January or sooner.

[Pineywoods]

They will do an appraisal so I would think that you would want the finished pool to be considered in the value.