
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.

7 February 2025 | 5 replies
If you had also spend money on renovations and improvements while occupying those should have gone into service then as well.

29 January 2025 | 1 reply
Whoever buys your flip will also spend lots of time in this room, so it’s important to make it pop.

5 February 2025 | 14 replies
In fact one of the themes of my posts is dissuading investors from over spending on entities and asset protection.

3 February 2025 | 15 replies
If Inflation goes up to say 8 to 10% at the end of 2025 and stays up for an extended period due to Feds printing cash, you will lose cash value if your rent escalators don't follow it.

2 February 2025 | 1 reply
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

1 February 2025 | 10 replies
I think he spends most of his time on his coaching program, when he should be focused on his investors returns.

23 February 2025 | 10 replies
It's the scam sales funnel 101 that you read about online with old ladies spending their last dime on some "guru".4.

26 January 2025 | 21 replies
They simply did not desire to spend more time than it was worth to recover the money from Airbnb.