Reasing To Do A Mortgage Recast Lower Monthly Payments: One of the most significant benefits of recasting is the reduction in your monthly mortgage payments, freeing up cash flow for other uses ...

Choosing whether to recast depends on how large of a payment you can make and whether you want a lower monthly payment or an accelerated mortgage payoff. Let’s explore the scenarios of making a ...

If you've received a large tax refund, you might consider putting it toward your mortgage as a lump-sum payment. If your payment is large enough – typically $5,000 or more – you may qualify ...