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.

I was seeing information online that suggested both routes...Thanks in advance for the help!

You may be able to see if a retailer still sells the 2024 version.If you can't get the one time purchase, you would need to see if the cost is beneficial.For real estate -  Quickbooks desktop > Quickbooks online because you can set up multiple entities within quickbooks desktop and not pay an additional cost per entity that Quickbooks online would charge you.Best of luck! 

So, if you don't know how to build financial models, there are some available that are pretty good online (adventures in CRE is a great resource).  

I am a 24 year old who's employed in the CAF and looking to getting into real estate, more specifically BRRRR.After looking online for quite some time I've noticed how high Canadian real estate is and I wonder if it is even worth getting into.

you can find all the info online"...it's like, no sh*t you can...all the information ever is online!

Very unlikely unless you find a private lender/individual to do this as a one-off. 

Usually you can find this online.#3 Chances are you will never buy a $500,000 property for $30,000. 

If you are in the CLT area and are looking to connect with othr like-minded individuals, I would love to grab a coffee with you!

About an about a week ago I  searched online to see if there were other real estate forms that might be interested and didn’t come up with any that seemed any better.If I see someone, there’s exceptionally hostile to others it makes me a little more hesitant to interact with them.