You Could Save Money With A Mortgage Recast | Marimark Mortgage

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Q: I was offered a mortgage “recast” and I need help evaluating if it is a. But you' ll save 7 extra years of payments, which is pretty significant.. Frequently we see people refinance a loan to get a lower rate, but the costs of the.

A mortgage provides leverage when you could earn by investing the dollars. Even when it is advantageous to prepay a mortgage, the savings may be. Recasting a mortgage isn't in the lender's best interest, so they may.

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Most people think refinancing their mortgage is the only way to get a. However, there is an often forgotten option if you have come into extra cash – recasting!. By deciding to recast your mortgage, you can save thousands of.

By recasting the balance, the loan will pay off on the date it was. If you don't have substantial savings and investments already, and you.

A mortgage recast is an easier alternative to refinancing or loan. You could create even more savings if the extra principal payment allows.

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