Tag Archive for: recasting

Recasting Or Re-Amortizing After Paying Lump Sum

QUICK ASIDE: NEED FOR SPEED REQUIRES COOPERATIVE ESCROW OFFICERS 😊 A frequent cause of delays for us is slow escrow officers who sometimes get openly hostile when we request info […]Read More

Recasting Mortgage By Paying Down Large Portion of Principal

“Recasting” a mortgage refers to the modification of the promissory note and the reduction in monthly payment when a borrower pays down a large portion of his mortgage. The interest […]Read More