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.

Are you receiving income of any kind?

How long does it take to receive the draws?

Im trying to stay hopeful that it will turn around but I just keep receiving blow after blow.

Pay attention to the duration.DM me if you want additional thoughts.Jeff

Meanwhile investor is receiving almost twice return from money market, and probably  3 - 4 % greater than mortgage fund.  

As a new member, I impressed and grateful to receive the information!

I’m new to the field, but I’m eager to learn, connect, and grow with like-minded individuals who have experience or are also just starting out.I’ve always been drawn to entrepreneurship, and wholesaling real estate caught my attention as a great way to build a business while helping others find investment opportunities.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

I'd ask for vet documentation for proof pet has received all state required vaccines.