A rehab loan is what you'll need to get your pool. You're looking at the balance of your mortgage plus the cost to install the pool vs the AFTER improved value of your home, avoiding the common issue with a Home Equity Line of Credit (HELOC) where a credit line is being opened to you off the current value of your home or a cash-out refinance that's based on the current value of your home as well!
If you'd like further detail on these loans, contact a Renovation Specialist (myself, another member, etc) to review your particular situation.... more
No one can tell the future, yet the market is soft at the moment, so we don't feel there will be huge amount of mortgages going through the next few weeks. If you have a good agent they will help push it through and stay on the time frame.... more
Ivan - rarely does a buyer ask for less than the bank will approve. Sounds like you are conservative - that's good - I'll bet you have a great credit score! You don't have to borrow as much as a bank is willing to lend. :)... more