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Should I get a personal loan to pay on my mortgage to go “above water” to qualify for a refinance?
If you have a mortgage backed by FHA, Fannie, or Freddie I would hold off.  There is talk of a new plan that would allow refi's on mortages that were underwater.  I would expect rates to stay about the same for the forseeable future.  Take that money you would spend each month on the personal loan and stick it into your mortgage payment to bring down your debt on it.  Your home may be underwater on paper but once the economy comes back, or hyperinflation sets in (one of the 2 will happen) you will have equity in your home again soon after.