We have a mortgage with a big bank. We currently pay 4.46% interest rate. Thinking about finding a smaller rate but very new to all this so have some possibly stupid questions...
1.Do you think that's a good interest rate?
2.We've done a lot of renovations so hoping the house will be worth more than when we purchased it. If we were to change to a different lender, to get a smaller interest rate would they value it first and potentially offer us an interest rate based on this?
3.What are the general fees/ processfor changing mortgage providers? Ie. is it pricey, complicated
Any help/ guidance would be great thanks