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.
Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
8 January 2025 | 38 replies
In that case, I wouldn't say the PM necessarily made a "mistake" by keeping the power on.
Tiarnan Gormley
Nearly 18 and need advice on REI while i'm away overseas!!!! HELP!!
25 January 2025 | 24 replies
You'd be delivering BIG and powerful solutions.
Logan Rhea
Thoughts if this property flip Scope of work is too low
23 January 2025 | 5 replies
Exterior UpdatesScope of Work:Repaint exterior for modern curb appealRefresh landscaping (mulch, shrubs, and flower beds)Power wash driveway and sidewalksReplace front door and update hardwareEstimated Cost: $12,0007.
MIchael McCUe
running a blog on my website
19 January 2025 | 4 replies
Besides, I'm not sure of the power of blogs anyway...although I've written a few myself....
Marc Shin
What Can I do about sound in a duplex with thin walls?
29 January 2025 | 10 replies
Adding mass to the walls works wonders—attach Mass Loaded Vinyl (MLV) to the shared wall, then cover it with a layer of 5/8” drywall using Green Glue soundproofing compound for extra noise-blocking power.
Jenni Utz
The Power of Relationships in Real Estate
22 December 2024 | 1 reply
Your story about the seller financing deal is powerful—trust really can change everything.
Keyshawn Johnson
Moving to Destin, FL Soon – Looking to House Hack My First Property with VA Loan
25 January 2025 | 5 replies
As an active-duty (soon transitioning) Air Force myself, I know the VA loan is a powerful asset for us.
Sol Baum
Re: No due diligence-commercial
22 January 2025 | 7 replies
(if the buyer wants a more solid commitment)Once a buyer has spent money they are somewhat vested in buying the property and that gives additional negotiating power to the seller.
Rami Refaeli
Hello from a Texas Flipper - Excited to Connect!
22 January 2025 | 11 replies
We will harness the power of our tech ability to scan and filter many opportunities on and off the market to create a funnel of properties suitable for our strategy.