Скачать или смотреть What is a recast?

In this video, we explain what a recast is and how it can help lower your monthly mortgage payment after you make a large principal payment—typically $10,000 or more. Unlike refinancing, a recast keeps your same interest rate and loan term, while your lender simply recalculates your payment based on the new, lower loan balance.

Mortgage recasts are available on many Fannie Mae, Freddie Mac, and select jumbo loans, and most lenders charge a small fee—often under $250. For homeowners looking to reduce monthly payments without the time and cost of refinancing, a recast can be a smart financial move.

What is a recast? | Jeremy's Corner

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Disclaimer: Information provided in this video is for educational purposes only and may vary by lender, program, and borrower profile. Loan eligibility and credit requirements are determined on a case-by-case basis through automated underwriting and program-specific guidelines. This does not constitute credit, legal, or tax advice. For personalized guidance, please contact a licensed mortgage professional.

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