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 t...

Recasting a mortgage lowers your monthly payment by paying down the principal, but does not change your interest rate or loan term. 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 or loan term. Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks.

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 bala...

There are numerous reasons why the amortization schedule may not be available for all accounts, including account status, interest rate, and loan type. If you don’t see it, you can request one via the Message Center or by chatting with us. How can extra payments change my amortizat...

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 paym...

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 statement...

Recasting a Mortgage: A Way To Lower Your Mortgage Payments Estimated reading time: 6 minutes Whether you’ve just bought a home and wish you could have gotten a lower payment or have had a mortgage payment for years, there are ways to…

Recasting Fees – There is usually a non-refundable fee of up to $250 to recast your mortgage. Mortgage Term – The term (length) of your mortgage remains the same. Example If you recast 10 years into a 30-year mortgage, you will still have 20 years left on your term.

Setting up AutoPay is quick, easy, and free. All you need to do is choose a payment frequency—Monthly or Biweekly—and c... Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information.