**1.** Mortgage Recasting: What You Should Know

Aug 22, 2022A mortgage recast is when you make a lump-sum payment toward the principal balance of your loan. Your lender will then reamortize your ^{(1)}…

Jan 31, 2022A mortgage recasting, or loan recast, is when a borrower makes a large, lump-sum payment toward the principal balance of their mortgage and the ^{(2)}…

**2.** Mortgage Recast Definition – Investopedia

Apr 13, 2022A recast occurs when a borrower pays a large sum toward their mortgage’s principal, and the lender recalculates the loan based on the new ^{(3)}…

Sep 15, 2021Recasting your mortgage involves making a lump-sum payment that reduces your mortgage balance and leads to a lower monthly payment.^{(4)}…

**3.** What Is Mortgage Recasting? | LendingTree

Aug 25, 2021Mortgage recasting is a transaction that lowers your monthly mortgage payments after paying your lender a lump sum of money toward your ^{(5)}…

**4.** What Is Mortgage Recasting? – US News Money

Aug 25, 2022A mortgage recast, or loan recast, is an arrangement with your lender or loan servicer to apply a large amount of cash toward your principal.^{(6)}…

Jan 8, 2021A mortgage recast, also called a mortgage reamortization, allows a borrower to put down a lump-sum payment toward the principal balance on a ^{(7)}…

**5.** Mortgage Recasting: Can It Save You Money? – Forbes Advisor

Dec 17, 2020Mortgage recasting is the process of reducing your mortgage balance through a lump-sum payment, and then making smaller monthly payments until ^{(8)}…

**6.** Recast mortgage: What does it mean and should I get one?

Mar 16, 2020A recast mortgage lowers your monthly payment by restructuring, or reamortizing, your loan · After you make a lump-sum payment, the lender ^{(9)}…

Oct 11, 2021Recasting your mortgage means you’ll contribute a significant amount of cash upfront to pay off part of your debt and spread out the new ^{(10)}…

**7.** What Is A Mortgage Recast?

When you recast your mortgage, you pay a lump sum toward the principal you owe on your home loan. Your mortgage servicer then calculates a new monthly payment ^{(11)}…

**8.** What Is a Mortgage Recast?

A mortgage recast is when you make a large one-time payment to reduce your mortgage balance and your lender recalculates your monthly payment as a result.^{(12)}…

Feb 4, 2022A mortgage recast is when your lender recalculates your remaining monthly payments based on the outstanding balance and remaining term. Many ^{(13)}…

**9.** Mortgage Recast: Definition, How It Saves You Money

Jul 15, 2022A mortgage recast happens when a borrower makes one large, lump sum payment toward their remaining mortgage balance and the lender reamortizes ^{(14)}…

**10.** How Mortgage Recasting Works | NextAdvisor with TIME

Jun 1, 2021A mortgage recast is when you make a large payment toward the principal amount of your mortgage — and in turn, your lender recalculates any ^{(15)}…

**11.** Mortgage Recast – Overview, Qualified Loans, Drawbacks

Jul 7, 2020Mortgage recast (also known as loan recast or re-amortization) is a strategy by which homeowners can reduce their monthly mortgage payments ^{(16)}…

Feb 4, 2022A mortgage recast is when your lender recalculates your remaining monthly payments based on the outstanding balance and remaining term.^{(17)}…

**12.** What Is Mortgage Recasting? | LendingTree

Aug 23, 2017When you recast your mortgage, you pay your lender a large sum toward your principal, and your loan is then reamortized — in other words, ^{(18)}…

**13.** What Is Mortgage Recasting? | LendingTree

Recasting, also called “re-amortizing” a home loan, is when a large payment of $5,000 or more is applied to the unpaid principal balance of the loan, and the ^{(19)}…

**14.** Mortgage Recast vs. Refinance: Which Is Better? – The Balance

Oct 30, 2021Recasting happens when you make changes to your existing loan after prepaying a substantial amount of your loan balance. For example, you might ^{(20)}…

Sep 13, 2022A mortgage recast is when a borrower makes a large, lump-sum payment on the principal of their existing mortgage after closing.^{(21)}…

**15.** Mortgage loan recasting: What is it, how it works – USA Today

Jul 30, 2020The easiest way to think of a mortgage recast is as a “do-over.” You pay the same interest rate and recalculate the loan using the same ^{(22)}…

**16.** What is an Example of a Mortgage Recast?

Oct 21, 2020Unlike a traditional refinance, with a recast you are basically going into an existing loan, opening it up, and redoing it without starting from ^{(23)}…

Feb 25, 2020A mortgage recast lets you lower your monthly payment, without the large upfront cost of refinancing. Learn more about mortgage recast here.^{(24)}…

**17.** Recast Mortgage: What Is It & How Do You Calculate It?

A recast mortgage is a process of reevaluating monthly mortgage payments by taking the loan’s balance and dividing it by the remaining months left on the ^{(25)}…

**18.** Everything You Need to Know About Recasting a Mortgage

Apr 7, 2022A mortgage recast (or loan recast) is when you make a lump sum payment towards the principal balance of your mortgage loan. The lender then ^{(26)}…

**19.** Mortgage “Recasting” vs. Refinancing – American Financing

Recasting, also known as re-amortization, happens when you pay down a significant portion of your home loan and decide to “recast” your existing loan. This ^{(27)}…

**20.** What is mortgage recasting and why should you do it?

May 17, 2022Mortgage recasting is when your loan servicer recalculates your monthly mortgage payment after you make a large payment toward the principal of ^{(28)}…

How does a Mortgage Loan Recast Work? •. If approved, you make a substantial (minimum of $10,000) lump sum payment to reduce the loan balance.^{(29)}…

**21.** Recast a Mortgage, Reduce the Payment – MortgageMark.com

To recast a mortgage means an existing monthly payment is lowered by re-amortizing the remaining mortgage balance after a significant principal reduction.^{(30)}…

**22.** Should you consider mortgage recast? – Home Lending Pal

What is mortgage recasting? A mortgage recast is when a lender recalculates the monthly payments on your current loan based on the outstanding balance and ^{(31)}…

**23.** Mortgage Recast: How to Reamortize and Save Money

Oct 12, 2021A mortgage recast, or loan recast, is when you make a large, lump-sum payment toward your mortgage principal. Upon making the payment, your ^{(32)}…

**24.** Mortgage Recast: When Does It Make Sense for You?

Aug 16, 2022A mortgage recast is when you apply a large sum of money to your current mortgage balance, in an effort to lower your monthly payment.^{(33)}…

**25.** What is a loan recast? – Keep Your Home, California.

A recast is the process of applying funds to reduce the existing unpaid principal balance of a first mortgage loan. The homeowner’s mortgage is not modified ^{(34)}…

Apr 30, 2022With a mortgage recast, you make a substantial lump sum payment toward the principal of your loan — and then the loan, including your payment, ^{(35)}…

Aug 3, 2021Mortgage recasting involves the borrower making a single lump-sum payment to their lender, lowering the overall principal on a loan.^{(36)}…

A mortgage recast is a method used to reduce your monthly mortgage payments and save interest, similar to a refinance, but avoiding the significant costs ^{(37)}…

## Excerpt Links

(1). Mortgage Recasting: What You Should Know

(2). What Is Mortgage Recasting And Why Do It? – Bankrate.com

(3). Mortgage Recast Definition – Investopedia

(4). How to Recast Your Mortgage – Experian

(5). What Is Mortgage Recasting? | LendingTree

(6). What Is Mortgage Recasting? – US News Money

(7). Mortgage Recasting: Should You Consider It? | Quicken Loans

(8). Mortgage Recasting: Can It Save You Money? – Forbes Advisor

(9). Recast mortgage: What does it mean and should I get one?

(10). Mortgage Recast: When Does it Make Sense to Reamortize …

(11). What Is A Mortgage Recast?

(12). What Is a Mortgage Recast?

(13). How and When to Make a Mortgage Recast – SmartAsset.com

(14). Mortgage Recast: Definition, How It Saves You Money

(15). How Mortgage Recasting Works | NextAdvisor with TIME

(16). Mortgage Recast – Overview, Qualified Loans, Drawbacks

(17). How and When to Make a Mortgage Recast – Yahoo Finance

(18). Why You Should Consider a Mortgage Recast – NerdWallet

(19). What is a mortgage recast and why do it? – MortgageLoan.com

(20). Mortgage Recast vs. Refinance: Which Is Better? – The Balance

(21). Bridge Loan Versus Recast – Which Is Right for You?

(22). Mortgage loan recasting: What is it, how it works – USA Today

(23). What is an Example of a Mortgage Recast?

(24). Lower your mortgage payment without refinancing

(25). Recast Mortgage: What Is It & How Do You Calculate It?

(26). Everything You Need to Know About Recasting a Mortgage

(27). Mortgage “Recasting” vs. Refinancing – American Financing

(28). What is mortgage recasting and why should you do it?

(29). INFORMATION SHEET – MORTGAGE LOAN RECAST

(30). Recast a Mortgage, Reduce the Payment – MortgageMark.com

(31). Should you consider mortgage recast? – Home Lending Pal

(32). Mortgage Recast: How to Reamortize and Save Money

(33). Mortgage Recast: When Does It Make Sense for You?

(34). What is a loan recast? – Keep Your Home, California.

(35). How Do I Recast a Mortgage? | Credit Karma

(36). Recast Mortgage Explained | Reamortize … – Guaranteed Rate

(37). The Secret Way to Save Money – Recast Instead of Refinance

Category: Finance