What Is a Mortgage Recast? Lower Your Payment Without Refinancing

In this video, you'll learn how a mortgage recast can help you lower your monthly payment without refinancing. We'll go over a real example, pros and cons of a mortgage recast, and who should consider this little-known mortgage strategy that could be saving you thousands.

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Chapters
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00:00 - Intro to Mortgage Recasting to lower your payment without Refinancing
00:29 - Who am I?
00:54 - What is a Mortgage Recast?
01:25 - What is the difference between a Recast and a Refinance?
02:10 - When does a Recast make sense?
03:40 - A Recast Example
05:48 - What are the requirements for a Recast?
06:45 - What are the fees for a Recast?
07:05 - How do I start the Recast process?
07:35 - Who should consider a Recast?
08:50 - Final Thoughts on a Mortgage Recast

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