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 your principal by a large amount, your monthly payment will be lowered, but your interest rate and loan terms will ...

A recast is a lumpsumpayment that lowers your monthly payment and may help you pay off your mortgage early. Learn six tips to pay off your mortgage faster, including recasting your loan.

Recasting a mortgage lowers your monthly payment by paying down the principal, but does not change your interest rate or loan term. Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks.

Recasting a mortgage lowers your monthly payment by paying down the principal, but does not change your interest rate or loan term. Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks.

Recasting a mortgage lowers your monthly payment by paying down the principal, but does not change your interest rate or loan term. Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks.

A recast is a lumpsumpayment that lowers your monthly payment and may help you pay off your mortgage early. Learn six tips to pay off your mortgage faster, including recasting your loan.

While refinancing means replacing your existing loan with a new one, a loan modification keeps your existing loan and changes its terms. If you qualify for a loan modification, we’ll look for a way to reduce your monthly payments.

Recasting a mortgage lowers your monthly payment by paying down the principal, but does not change your interest rate or loan term. Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks.

A recast is a lumpsumpayment that lowers your monthly payment and may help you pay off your mortgage early. Learn six tips to pay off your mortgage faster, including recasting your loan.

Learn how to recast your mortgage and lower your monthly payment by making a lump - sumpayment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.