I am not sure if this is the right thread to ask but I am actually planning to renovate my 20 years old home but would like to re-mortgage the house to cover the renovation house. The loan for the house has already settle but the problem is that, the house is under my parents name and they would not be able to get a loan under their name as they have retired.
Thus, I would like to know if I should speak to a bank officer directly to get a quote for the loan plus the cost for the name transfer or go to a lawyer for the name transfer first and then only approach a bank for the re-mortgage loan?