Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Desiree Rejeili Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
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.
Eli Edwards Help finding active wholesalers
16 January 2025 | 8 replies
Look, we’d all like to search the internet, find a deal for sale, analyze the property as having a great cash flow at current interest rates, with lots of upside potential in a gentrifying market.  
Jasper Zimmerman Property management Anderson, IN
21 January 2025 | 6 replies
I had many great years with Gold Key Property Managment.
Samuel Kim Real estate professional status 750 hours doable?
31 January 2025 | 27 replies
- This is great news, because I have never played violin before.And speaking of arguing, we are actually in agreement on the validity of REPS strategy, and I have many clients doing this.
Isaiah Cortez Exploring the Ft. Lauderdale STR Market
21 January 2025 | 4 replies
Any insights, tips, or recent experiences would be greatly appreciated as I plan my next move!
Chungying Chu How to get an umbrella policy as non-resident
20 January 2025 | 9 replies
That will be great.
Melody R. Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
A great deal of accountants work with out of state clients.
Charles Roberts Who owns short term rentals in Japan?
24 January 2025 | 5 replies
Hoping to connect with some great people here on this topic! 
Jonathan Abrado Pace Morby Gator Method Course Review
25 January 2025 | 155 replies
The community is great as well!