Can You Recast A Jumbo Loan – Recasting Your Mortgage: What are the Pros and Cons?
Can You Recast A Jumbo Loan – Choosing The Best Company
One of the most commonly talked about tools for paying off your mortgage early is refinancing. Let’s explore a less common tool that can be just as powerful: recasting your mortgage.
After learning what a mortgage recast is and investigating how recasting is different from refinancing, we will dig into the pros and cons of recasting your mortgage to help you decide if this real estate strategy is right for you.
Recasting Your Mortgage Calculator: https://www.free-online-calculator-use.com/mortgage-recast-calculator.html
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0:48 What is recasting your mortgage?
1:03 How do you recast your mortgage?
3:02 Request a Recast
3:37 Make a Lump Sum Payment
3:57 Pay a Servicing Fee
4:14 Move to Your New Repayment Schedule
4:39 Put Your Money to Work
7:00 Pros of Recast
8:18 Cons of Recast
#MortgageRecast #RecastingMortgage #DebtFreeCommunty #MortgageFree #PersonalFinance
OTHER VIDEOS TO WATCH
10 Incredible Benefits of a Paid Off House: https://youtu.be/jtVD1ZKLx84
How We Paid Off Our Mortgage in 5 Years: https://youtu.be/nPXXHTMHlxA
Life After the Mortgage is Paid Off: https://youtu.be/vDzyQqJc9KM
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