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.

I’ve hit my goal now so I’m not taking out anymore loans.

@Jerome Boudreaux what lenders probably won't tell you right now is the BIGGEST benefit of your VA loan is an assumption! 

Thank you Blake, I'm looking into those meet-ups right now.

But the property will remain under my name for now?

I did all the labor my self aside from hiring certified electrician and plumber as per country permit regulations.I live in Alaska with my family and work in construction in general (journeyman carpenter turned commercial superintendent turned GC and now rolling steady as one man 'handyman' doing lots of finish work the last couple years).

We are going on to 4 years of when we purchased it and have it now on the market.

I'm not sure I would get to cute trying to squeeze every time out of it now with a lease that might cause you issues in the future, but the scenario you describe is common and probably smart. 

Check what you need and get them sorted now—future you will thank you.I know, not the most exciting part of the process, but trust me, this sets the stage for a smooth rehab.

Been in the game for a while, mostly building multifamily projects that balance quality and cash flow.Right now, we have multifamily developments going in Dothan, Warner Robins, Douglas, and working on breaking ground in Waycross, Kingsland, Colquitt, and Thomaston--new construction, built to perform for investors.