If you cash out equity in a property, you are "borrowing" that money from the lender.

This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.

Quote from @Ogonna Odo:  Small ones will not, they typically like cash or checks.

Harder to cash flow due to 25yr am vs 30yr standard.

I suggest you buy fewer but better properties for better cash flow and appreciation. 

Great option for buyers financing with VA, FHA, conventional, DSCR, or cash of course (no seller financing).The listing will be available starting in mid-February and most likely won’t be on the market for long so shoot me a DM for additional details and I’ll be happy to chat!

Would love to connect and share insights on building a hands-off, cash-flowing portfolio!

Are you looking for immediate cash flow or longer term appreciation?

Because cashing out properties now takes 12 months on title, brrrring has gotten a lot slower for me.

I'm in need of investor-friendly realtors who can help me (like a PM) to find and walk cash flowing opportunities to offer on.