Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.

My father-in-law told me he plans to sell his 6 unit condo building ASAP so he can "retire" from being a landlord.

Just try to sell it to someone else for anything so you don't lose all of your money.

I am considering selling and moving my portfolio over to Airbnbs in Indy with newer properties.

I don't remember.I doubt anyone is selling due to this.

There are too many people selling you on how easy, passive, and lucrative real estate investing is.I always tell people the first year or two will be bumpy.

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

After holding a property for more than 10 years, investors can sell the property without having to pay capital gains tax on the profits, making it a favorable environment for long-term investors.Investment Strategies for American Investors in Germany1.

They want to sell the property for $699,000.

Great speakers that won’t try and sell you on a program.