Recasting Your Home Loan
Interested in lowering your monthly payment?
Most conventional or jumbo home loans are eligible for recasting.
Banks’ recasting policies may differ.
Recasting your home loan fees are a few hundred dollars compared to a few thousand dollars to refinance your home loan.
Recasting your loan adjusts your monthly payments however keeps the terms the same.
To see if your home loan qualifies to be recast resulting in lowering your monthly payment, call your bank who services your mortgage. It never hurts to ask.
Sheryl Martin
Broker/Realtor
336.355.7098
keys2homeownership.realtor@gmail.com
Realty One Group Results
Comments
Post a Comment