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 ter...

Recasting fee: There is usually a non-refundable fee of up to $250 to recast the mortgage but this can vary from state to state. Loan type: Conventional loans (loans that aren’t backed by the federal government) with a minimum 15 to 30-year term are eligible for loan recasts.

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amor... Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term.

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.

While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and changes its terms. If you qualify for a loan modification, some potential ways to reduce your monthly payment would be through lowering your interest rate or extending ...

Refinancing doesn’t have to be difficult. Our experts make the process quick & easy. Our mortgage experts break down important tips & topics. When can I remove PMI from my loan? Why did my payment change? Where can I find my monthly statement? How do I setup paperless statements? H...

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amor... Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how...

Solutions may include, but are not limited to: Deed in Lieu of Foreclosure. Complete a mortgage assistance application online now and let us know what’s going on. We’ll help you determine a plan of action and next steps based upon your circumstances. You can also contact us if you ha...

The most common reason is due to an increase in property taxes or insurance premiums. Learn about how your escrow analysis can change your payment. It could be due to a modification, balloon payment due soon, or a scheduled adjustment to the interest rate. You can view payment detail...

Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment. What kind of assistance options are available if I cannot pay my mortgage?