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 an...

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.

A schedule that breaks down how principal and interest are applied with each monthly payment throughout the life of a loan. Usually provided at Closing. Where is it? Located on the Amortization Schedule tab in the Payments section of your online account. It will look similar to t...

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...

While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and changes its terms. If you qualify for a loan modification, some potential ways to reduce your monthly payment would be through lowering your interest rate or extending ...

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.

Homeowner Assistance Fund (HAF) is a government-sponsored initiative managed by the Department of Treasury to offer assistance for homeowners impacted by the COVID-19 Pandemic that began in 2020. Note: The application process is handled by each state.

A mortgage recast occurs when you put down a lump-sum payment toward the mortgage’s principal balance and your lender then re-amortizes the loan to lower the monthly payment.

A recast is a lumpsumpayment that lowers your monthly payment and may help you pay off your mortgage early.

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