Season 3 Episode 62 : Loan Recasting vs Refinancing, How to Reduce Mortgage Payments

Season 3 Episode 62 : Loan Recasting vs Refinancing, How to Reduce Mortgage Payments. Recasting a Mortgage

Season 3 Episode 62 : Loan Recasting vs Refinancing, How to Reduce Mortgage Payments video duration 56 Second(s), published by Emmitt The RE Minute on 04 08 2019 - 13:18:55.

Loan recasting is not a common term when we speak of mortgage payments but you should become familiar it
Loan recasting is not the same as refinancing Delaware real estate broker, Kathy Sperl-Bell welcomes Pete Green from Atlantic Bay Mortgage to talk about mortgage recasting
It not only is a simple way to .

Whether you're looking to lower your current monthly payment or be more competitive when you go to purchase your next home, RECASTING could be a great Many people do not know this trick exists
Using a recast is a good alternative to doing a bridge loan! Go to http://LendOmega.com for more information Did you know you can lower your payment with out a redo! Yep
pay down that principle and you can get your payment lowered with most lenders! #mortgage .

Loan recasting is not a common term when we speak of mortgage payments but you should become familiar it. Loan recasting is not the same as refinancing since you don't have to apply for a new mortgage and it doesn't matter about your credit score or job status. Loan recasting does't change your loan term or interest rate but it can reduce your mortgage payments and is much cheaper than refinancing. If someone had a job layoff or a financial disruption in their life and their credit score is less than perfect but they have cash, this could be the perfect options for you.

If every tax refund was used as a lump sum principal payment on your mortgage, every five years you could recast your mortgage and reduce the payment. The next time you receive a lump sum payout and you'd like to reduce your monthly liabilities, contact your lender and ask them about recasting your loan. Besides saving thousands on interest, you can also reduce your monthly bills.