Homeowners who want to lower their monthly mortgage payments often consider refinancing. However, a loan recast could be a better choice. Mortgage recasting involves making a very large prepayment and ...

Text Callout : Key Takeaways - I Got a Tax Windfall: Should I Recast My Mortgage or Make a Principal Payment? If you've received a large tax refund, you might consider putting it toward your mortgage ...

Prepaying a mortgage means paying extra, either in periodic installments or a lump sum, with the goal of paying back what you borrowed ahead of schedule. Paying extra on a mortgage also means paying ...

If you’ve received a large tax refund, you might consider putting it toward your mortgage as a lump-sum payment. If your payment is large enough — typically $5,000 or more — you may qualify for a ...

Recasting your mortgage can help you reduce your monthly payments and save on interest. You’ll just need a sizable chunk of money first. David McMillin writes about credit cards, mortgages, banking, ...