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 re...

Learn six tips to pay off your mortgage faster, including recasting your loan. A recast is a lump sum payment that lowers your monthly payment and may help you pay off your mortgage early.

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 re...

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.

Should I pay extra toward my principal? Describes amortization schedule, where to view yours, and how to calculate changes.

Learn how to request a payoff quote for your mortgage through your online account or by other methods. Find out how to use the payoff calculator, view your amortization schedule, and pay off your loan early. Learn how to... blog. Mortgage Payoff Calculator | Mr. Cooper.

While refinancing means replacing your existing loan with a new one, a loan modification keeps your existing loan and changes its terms. If you qualify for a loan modification, we’ll look for a way to reduce your monthly payments.

Explore Refinance Options. Refinancing doesn’t have to be difficult. Our experts make the process quick & easy. Learn More. Watch & Learn. Our mortgage experts break down important tips & topics. Watch Now. Quick Links. When can I remove PMI from my loan? Why did my payment change? W...

https://www.mrcooper.com/help-center/search?q=amorization+schedule&source=global. Learn what an amortization schedule is, where to find it in your online account, and how to request one if you don't see it. Also, see how extra payments can affect your amortiza...

A repayment plan is an agreement that spreads the past due amount over a specific period, typically 3–6 months, during which time you make a full payment, plus a partial payment, until the account is brought current. Repayment plans can be an ideal option for homeowners who fac...