Lower Your Mortgage Payment with a Recast Strategy
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Lower Your Mortgage Payment with a Recast Strategy
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Here's How to Lower Your Mortgage Payment Without Refinancing
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Here's How to Lower Your Mortgage Payment Without Refinancing
2023年2月3日
nbcwashington.com
728 reactions · 254 shares | Here’s how you can lower your mortgage payment without refinancing! #mortgagetips #refinancing | Julie Johnson | Facebook
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728 reactions · 254 shares | Here’s how you can lower your mortgag…
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FacebookJulie Johnson
If you want to lower your monthly mortgage payment without refinancing or changing your interest rate, there’s a strategy most homeowners don’t know about it’s called a mortgage recast. A mortgage recast lets you apply a lump-sum payment (from savings, a bonus, or inheritance) directly to your principal balance. Your lender then recalculates your loan based on the lower balance spreading it out over the remaining term and your monthly payment drops, often by hundreds of dollars. It’s one of the
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If you want to lower your monthly mortgage payment without refinan…
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Recasting Your Mortgage: Lower Payments Explained
Recasting Your Mortgage: Lower Payments Explained
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TikTokwhatsamortgage_
Did you know you can lower your monthly mortgage payment without the hassle of refinancing? It's called ✨recasting✨, and here's how it works.You contribute a significant lump sum towards your loan balance.Your lender will then adjust your monthly payment based on the new, lower balance. The best part? Your interest rate remains unchanged. While there may be a small processing fee, it's minimal compared to the costs of refinancing.  | William Gomez | Facebook
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FacebookWilliam Gomez
Lower Your Mortgage Payment Without Refinancing
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