Mortgage recasting allows you to pay a lump sum toward your mortgage in order to reduce your remaining monthly payments and interest. When you recast your mortgage, you’ll keep the same interest ...

Recasting lowers your monthly mortgage payments without changing the term or interest rate. Reducing your principal balance saves money by lowering the interest you pay over time. Recasting could ...

If refinancing isn't the right fit, mortgage recasting is another promising path. "[This] is often overlooked but highly effective for lowering payments without refinancing," explains Chris Heller ...