Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender reamortizes the loan.

Aug 15, 2025 ... Read on to learn what recasting a mortgage means, its pros and cons, and how it compares to alternatives, like refinancing.

Whether you are considering buying your first home or ready to refinance your 12th, Mr. Cooper is here to guide you through the process. Let's get you home.

Recasting Fees – There is usually a non-refundable fee of up to $250 to recast your mortgage. Mortgage Term – The term (length) of your mortgage re... If ...

buy calculator · Amortization calculator · Down payment calculator. blog. Recasting a Mortgage: A Way To Lower Your Mortgage Payments. https://www.mrcooper.com/ ...

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down ...

... recast. Recent Transfers – Recently transferred accounts may need to wait 90 days before recasting. Related Articles. Amortization Schedule Information ...

Recent Transfers – Recently transferred accounts may need to wait 90 days before recasting. Related Articles. Amortization Schedule Information. Describes ...

Oct 1, 2025 ... How Do Home Equity Loans Work? Gray two-story house. Lead image for article on recasting a mortgage. Recasting a Mortgage: A Way To Lower ...

However, here are some ... blog. Recasting a Mortgage. https://www.mrcooper ... What are some mortgage recast pros and cons? You ... page. Paying by Phone.