Recast Your Mortgage - How to Save Money Without RefinancingMake the most of your mortgage and save money with a loan recast! Ask your lender if they allow this process and get ready to lower your payments with no refinance process needed.#recast #mortgage #refinance #money #loans #savemoney | Travis Lang
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Recast Your Mortgage - How to Save Money Without RefinancingMake the most of your mortgage and save money with a loan recast! Ask your lender if they allow this process and get ready to lower your payments with no refinance process needed.#recast #mortgage #refinance #money #loans #savemoney | Travis Lang
47K viewsJan 19, 2023
FacebookTravis Lang
I totally agree — a mortgage recast can be a much smarter move than using a bridge loan! But let's break down when you would use a bridge loan. You're living in your current home but want to buy your next one before you sell. You've got equity, so you pull it out via a bridge loan to use as a down payment. BUT — heads up: You have to qualify for 3 loans (your old mortgage, your new one, AND the bridge loan). You're paying on all three at once (yes, even interest on that bridge loan). So if you a
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I totally agree — a mortgage recast can be a much smarter move than using a bridge loan! But let's break down when you would use a bridge loan. You're living in your current home but want to buy your next one before you sell. You've got equity, so you pull it out via a bridge loan to use as a down payment. BUT — heads up: You have to qualify for 3 loans (your old mortgage, your new one, AND the bridge loan). You're paying on all three at once (yes, even interest on that bridge loan). So if you a
7.3K views8 months ago
FacebookAlisha Collins
✏️ The Less Money You Put Down For Your Home, The Better The Interest Rate You Will Receive 🏡 It sounds crazy when you first read it, but in reality the less money you put down upfront, the more money the bank will collect in interest because they will calculate your interest payment on a much higher total number ever month. That is, unless you follow my strategy and ask them to recast your loan with a lump sum payment after 51 days of owning your home. Financial freedom begins with understandi
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✏️ The Less Money You Put Down For Your Home, The Better The Interest Rate You Will Receive 🏡 It sounds crazy when you first read it, but in reality the less money you put down upfront, the more money the bank will collect in interest because they will calculate your interest payment on a much higher total number ever month. That is, unless you follow my strategy and ask them to recast your loan with a lump sum payment after 51 days of owning your home. Financial freedom begins with understandi
614K viewsJul 16, 2024
FacebookRyan Nork
Most lenders will NEVER bring this up… because it doesn’t make them money. 👀 But here’s the question smart buyers ask: “Do you offer mortgage recasting?” A recast lets you put a lump-sum toward your loan balance — then your lender recalculates your payment… 👉 which makes your monthly payment drop 👉 WITHOUT changing your interest rate 👉 and with a tiny fraction of the cost of a refinance Here’s how powerful it is: If you bought a $400,000 home at 7%… and saved $10,000 per year in a high-yield
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Most lenders will NEVER bring this up… because it doesn’t make them money. 👀 But here’s the question smart buyers ask: “Do you offer mortgage recasting?” A recast lets you put a lump-sum toward your loan balance — then your lender recalculates your payment… 👉 which makes your monthly payment drop 👉 WITHOUT changing your interest rate 👉 and with a tiny fraction of the cost of a refinance Here’s how powerful it is: If you bought a $400,000 home at 7%… and saved $10,000 per year in a high-yield
142 views4 months ago
FacebookDo Good Mortgage
Home loan redraw | CommBank
Home loan redraw | CommBank
Dec 4, 2020
commbank.com.au
Changes to your home loan repayment - CommBank
Changes to your home loan repayment - CommBank
Mar 9, 2019
commbank.com.au
Thinking about putting 10–15% down to “save” on your monthly mortgage payment? You might be doing it all wrong. Here’s a smarter play I teach my clients: Put the minimum down (3–5%) to lock in a lower rate, then recast your loan with a lump sum within 90 days. You’ll likely end up with a lower interest rate AND a lower monthly payment—crazy, right? Most lenders don’t explain this because it doesn’t benefit them… but I’m here to help it benefit you. My wife and I used strategies like this to dig
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Thinking about putting 10–15% down to “save” on your monthly mortgage payment? You might be doing it all wrong. Here’s a smarter play I teach my clients: Put the minimum down (3–5%) to lock in a lower rate, then recast your loan with a lump sum within 90 days. You’ll likely end up with a lower interest rate AND a lower monthly payment—crazy, right? Most lenders don’t explain this because it doesn’t benefit them… but I’m here to help it benefit you. My wife and I used strategies like this to dig
680.8K views11 months ago
FacebookShawn Kaplan
Mortgage Recast vs. Refinance: The Secret Way to Lower Your Payment!
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Houston Realtor | Buy | Sell | Lease with Lorilee on Instagram: "You should never drop 20% down when you’re buying a house 😤 Nah, that’s not the move 🚫 You’re better off putting 5% down and here’s why 💡 When you put less than 20% down on a conventional loan, you actually end up getting a better interest rate 🤯 So if you’re chasing the lowest rate, 20% ain’t the way to go Here’s what you do instead 🔥 Before you close, talk to your lender and make sure your loan can be recast 💬 That just mea
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Houston Realtor | Buy | Sell | Lease with Lorilee on Instagram: "You should never drop 20% down when you’re buying a house 😤 Nah, that’s not the move 🚫 You’re better off putting 5% down and here’s why 💡 When you put less than 20% down on a conventional loan, you actually end up getting a better interest rate 🤯 So if you’re chasing the lowest rate, 20% ain’t the way to go Here’s what you do instead 🔥 Before you close, talk to your lender and make sure your loan can be recast 💬 That just mea
145K views3 months ago
Instagramlorilee.santos
This is a mortgage hack nobody knows about. It is called a recast, and it can lower your monthly payment without selling your house or refinancing. You take a lump sum of cash and apply it to your principal, then the lender recalculates the payment based on the lower balance. Same rate. Same loan. Smaller payment. This works incredibly well if you buy a new home before selling your current one. Once the old house sells, you can use the proceeds to recast the new loan instead of scrambling to tim
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This is a mortgage hack nobody knows about. It is called a recast, and it can lower your monthly payment without selling your house or refinancing. You take a lump sum of cash and apply it to your principal, then the lender recalculates the payment based on the lower balance. Same rate. Same loan. Smaller payment. This works incredibly well if you buy a new home before selling your current one. Once the old house sells, you can use the proceeds to recast the new loan instead of scrambling to tim
219 views2 months ago
TikTokkylemylender
💡 Let’s Talk About a RECAST! If you’re buying a new home before selling your current one, this might be the solution you’ve been looking for. Here’s the simple version👇 You can purchase your new home with a smaller down payment now, and once your current home sells, you can apply that lump sum toward your principal and recast your loan — meaning your monthly payment gets recalculated and lowered based on that new balance. You keep your same rate. You lower your monthly payment. You get to move
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💡 Let’s Talk About a RECAST! If you’re buying a new home before selling your current one, this might be the solution you’ve been looking for. Here’s the simple version👇 You can purchase your new home with a smaller down payment now, and once your current home sells, you can apply that lump sum toward your principal and recast your loan — meaning your monthly payment gets recalculated and lowered based on that new balance. You keep your same rate. You lower your monthly payment. You get to move
174 views4 months ago
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