Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down your principal by a large amount, your monthly payment will be lowered, but your interest rate and loan terms will rema...

Using our mortgage payoff calculator, you can see how any amount of extra principal can change not only how quickly you pay off the mortgage, but also how much total interest you’ll end up paying. Should I pay extra toward my principal?

Learn how to recast your mortgage and lower your monthly payment by making a lump-sum payment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

Learn how to recast your mortgage and lower your monthly payment by making a lump-sum payment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

A mortgage recast is a way to lower your mortgage’s monthly payment. If you commit to making a larger payment after the recast — say the same amount you’re paying now—you can also potentially pay off your mortgage early.

If you’re facing a long-term hardship, we can review you for a loan modification to determine if more manageable terms are available. While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and changes its terms.

A recast is a lump sum payment that lowers your monthly payment and may help you pay off you... Recasting a mortgage happens when you put down a lump - sum payment toward the principal balance an... Learn six tips to pay off your mortgage faster, including recasting your loan.

Manage all insurance & tax details for your mortgage. Info for new and recently transferred customers. View common mortgage assistance solutions. Get help and support for your Mr. Cooper account. Connect With Mr. Cooper Get in touch with our team — we’re here to help! Refinancing doe...

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-am... Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper. Learn how to recast your mortgage and lower your monthly payment ...

Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks. Recasting a mortgage lowers your monthly payment by paying down the principal, but does not change your interest rate... Recasting a mortgage happens when you put down a lump - sum payment t...