recent renovation Question

[Fobby]

Hello,

I recently did some renos to the house and I am wondering does the bank who holds te mortgage has to do a reappraisal of the house when comes renewal time?

This is my first mortgage and the renewal in coming up in a year.

Thanks

[Wormius]

Your mortgage wouldn't be affected, unless you are paying for your house insurance or property taxes through the mortgage lender.

Normally you don't want the house re-appraised for property tax purposes, unless you want to pay more.