Recasting Your Mortgage: What are the Pros and Cons?

One of the most commonly talked about tools for paying off your mortgage early is refinancing. Let’s explore a less common tool that can be just as powerful: recasting your mortgage.
After learning what a mortgage recast is and investigating how recasting is different from refinancing, we will dig into the pros and cons of recasting your mortgage to help you decide if this real estate strategy is right for you.
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RESOURCES
Recasting Your Mortgage Calculator: https://www.free-online-calculator-us...

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CHAPTERS
0:00 Intro
0:48 What is recasting your mortgage?
1:03 How do you recast your mortgage?
3:02 Request a Recast
3:37 Make a Lump Sum Payment
3:57 Pay a Servicing Fee
4:14 Move to Your New Repayment Schedule
4:39 Put Your Money to Work
7:00 Pros of Recast
8:18 Cons of Recast

#MortgageRecast #RecastingMortgage #DebtFreeCommunty #MortgageFree #PersonalFinance

OTHER VIDEOS TO WATCH
10 Incredible Benefits of a Paid Off House:    • 10 Incredible Benefits of a Paid Off ...  
How We Paid Off Our Mortgage in 5 Years:    • How We Paid Off Our Mortgage in 5 Years  
Life After the Mortgage is Paid Off:    • Life After the Mortgage is Paid Off  

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