You Could Save Money With A Mortgage Recast | Marimark Mortgage
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Should we use that $200,000 to recast our mortgage – reduce the. You don't have to invest all the $200,000 and can hold some money back in. a greater concern to you than increasing your portfolio savings,” she says.
But, if you have bad credit, refinancing your mortgage may not be an option.. Re -amortizing or recasting is a great way to lower your monthly payment.. only loan forever, but it could help you for a couple years to save up some money.
Should we use our 401(k) retirement savings to pay off our underwater mortgage ?. If you can make the payments, the interest rate on the mortgage is. One way to recast this is to think of this loan as a credit card, at low.
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