Unlocking the Secrets of Recasting Your Mortgage
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12 ماه پیش
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Unlocking the Secrets of Recasting
Unlocking the Secrets of Recasting Your Mortgage
Are you looking to unlock the secrets of recasting your mortgage after you have purchased your new home? We will show you how to recast your mortgage loan. #mortgage #realestate #recasting
Mortgage recasting is a way to reduce your monthly home loan mortgage payments by making a one-time lump sum payment towards your principal balance. This can be a smart strategy to lower your monthly expenses while still paying off your mortgage.
To begin the recasting of your mortgage process, contact your mortgage lender and inquire about their recasting options. Provide them with your current loan details and the additional payment amount you wish to make.
Keep in mind that not all lenders offer recasting, so it's crucial to confirm their eligibility requirements. However, if recasting is available, it can save you from the hassle of refinancing.
Once your lender approves the recasting, you will still have the same loan term, interest rate, and remaining balance. However, your monthly payments will be recalculated based on the reduced principal balance.
Remember, recasting is different from refinancing. While refinancing involves obtaining a new loan with different terms, recasting keeps your existing loan intact and only adjusts your monthly payments. This can be a significant advantage if you have a low-interest rate that you don't want to lose.
One important aspect to consider when recasting your mortgage is the minimum payment required for recasting. Some lenders may require you to pay a specific amount towards your principal to be able to recast. Ensure you understand these requirements to avoid any surprises.
#mortgagespecialists #mortgagelender #mortgagebroker #mortgagebrokers #homeloans #firsttimehomebuyer #mortgagelending #realestateomaha #omaharealestate #mortgagemattersinminutes
Mortgage Matters in Minutes Episode 26 Unlocking the Secrets of Recasting Your Mortgage
☑️ Have mortgage questions? Choose the time that works best for you to chat:
https://calendly.com/mortgage-special...
☑️ Ready to get preapproved?
https://mtg-specialists.com/online-ap...
☑️ Call our office: 402-991-5153
☑️ Blogs: https://mtg-specialists.com/blog/
☑️ Google Reviews: https://tinyurl.com/55zft5ef
Follow us!
Facebook - www.facebook.com/mortgagespecialists
Instagram - www.instagram.com/mortgagespecialistsomaha/?hl=en
Twitter - www.twitter.com/MTGSpecialists
TIMESTAMPS for Unlocking the Secrets of Recasting Your Mortgage:
00:00 - Intro
00:22 - What is Recasting?
01:22 - How Often can I Recast my Mortgage?
02:05 - How to Lower your Monthly Mortgage Payment
03:02 - When to Recast your Mortgage
03:29 - Conclusion
04:06 - Outro
Licensing info: Brent Rasmussen, NMLS 5918 at Mortgage Specialists, LLC NMLS 2424
For licensing, go to www.nmlsconsumeraccess.org
Address: 8420 W Dodge Road Ste 113, Omaha, NE 68114 Equal Housing Lender
Website: www.mtg-specialists.com
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Mortgage Specialists, LLC for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Mortgage Specialists, LLC does not guarantee the quality, accuracy, completeness, or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Mortgage Specialists, LLC. Mortgage Specialists, LLC and its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Mortgage Specialists, LLC is a limited liability company organized under the laws of the State of Nebraska. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency.
Unlocking the Secrets of Recasting Your Mortgage
Are you looking to unlock the secrets of recasting your mortgage after you have purchased your new home? We will show you how to recast your mortgage loan. #mortgage #realestate #recasting
Mortgage recasting is a way to reduce your monthly home loan mortgage payments by making a one-time lump sum payment towards your principal balance. This can be a smart strategy to lower your monthly expenses while still paying off your mortgage.
To begin the recasting of your mortgage process, contact your mortgage lender and inquire about their recasting options. Provide them with your current loan details and the additional payment amount you wish to make.
Keep in mind that not all lenders offer recasting, so it's crucial to confirm their eligibility requirements. However, if recasting is available, it can save you from the hassle of refinancing.
Once your lender approves the recasting, you will still have the same loan term, interest rate, and remaining balance. However, your monthly payments will be recalculated based on the reduced principal balance.
Remember, recasting is different from refinancing. While refinancing involves obtaining a new loan with different terms, recasting keeps your existing loan intact and only adjusts your monthly payments. This can be a significant advantage if you have a low-interest rate that you don't want to lose.
One important aspect to consider when recasting your mortgage is the minimum payment required for recasting. Some lenders may require you to pay a specific amount towards your principal to be able to recast. Ensure you understand these requirements to avoid any surprises.
#mortgagespecialists #mortgagelender #mortgagebroker #mortgagebrokers #homeloans #firsttimehomebuyer #mortgagelending #realestateomaha #omaharealestate #mortgagemattersinminutes
Mortgage Matters in Minutes Episode 26 Unlocking the Secrets of Recasting Your Mortgage
☑️ Have mortgage questions? Choose the time that works best for you to chat:
https://calendly.com/mortgage-special...
☑️ Ready to get preapproved?
https://mtg-specialists.com/online-ap...
☑️ Call our office: 402-991-5153
☑️ Blogs: https://mtg-specialists.com/blog/
☑️ Google Reviews: https://tinyurl.com/55zft5ef
Follow us!
Facebook - www.facebook.com/mortgagespecialists
Instagram - www.instagram.com/mortgagespecialistsomaha/?hl=en
Twitter - www.twitter.com/MTGSpecialists
TIMESTAMPS for Unlocking the Secrets of Recasting Your Mortgage:
00:00 - Intro
00:22 - What is Recasting?
01:22 - How Often can I Recast my Mortgage?
02:05 - How to Lower your Monthly Mortgage Payment
03:02 - When to Recast your Mortgage
03:29 - Conclusion
04:06 - Outro
Licensing info: Brent Rasmussen, NMLS 5918 at Mortgage Specialists, LLC NMLS 2424
For licensing, go to www.nmlsconsumeraccess.org
Address: 8420 W Dodge Road Ste 113, Omaha, NE 68114 Equal Housing Lender
Website: www.mtg-specialists.com
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Mortgage Specialists, LLC for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Mortgage Specialists, LLC does not guarantee the quality, accuracy, completeness, or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Mortgage Specialists, LLC. Mortgage Specialists, LLC and its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Mortgage Specialists, LLC is a limited liability company organized under the laws of the State of Nebraska. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency.
Unlocking the Secrets of Recasting Your Mortgage
12 ماه پیش
در تاریخ 1402/05/20 منتشر شده
است.
2,032
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