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 remain the...

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

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 ...

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 o... Learn six tips to pay off your mortgage faster, including reca...

How can I get assistance if I cannot pay my mortgage? You can complete a mortgage assistance application online and let us know what’s going on. We’ll help you determine a plan of action and next steps based on your circumstances. If you’d prefer to mail or fax your application, you ...

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...

The trick is to apply the entire amount to your mortgage’s principal balance, which is what you owe before interest, taxes, and insurance are added in. Learn how to recast your mortgage and lower your monthly payment by making a lump-sum payment toward the principal bala...

Principal reduction to help homeowners get into more affordable mortgages (recast or modification); and/or. Funding to eliminate homeowners’ second lien loans. You can see what options your state offers by visiting the National Council of State Housing Agencies.