Aug 21, 2025 · Recasting: When you recast your mortgage, your loan stays as-is, but your monthly payment changes. You won’t get a shorter repayment term or a lower interest rate, …

Mar 19, 2025 · What Is Mortgage Recasting? Mortgage recasting allows you to reduce your monthly mortgage payments by making a large, one-time payment toward the principal …

A mortgage recast is when you make a lump-sum payment toward your principal balance to reduce your monthly payments. Learn how mortgage recasting works.

Aug 30, 2016 · Instead of refinancing the mortgage, you’d simply ask your current lender or loan servicer to recast your mortgage. This is also known as reamortizing because the original …

Oct 30, 2025 · Recasting your mortgage is when you put a lump sum toward the principal after you've closed on your home. This can lower your monthly payments without closing costs or …

Jul 7, 2025 · Mortgage recasting is a way to lower your monthly mortgage payments without refinancing. By applying a large lump sum to your mortgage balance, your lender can adjust …

Mar 25, 2025 · Mortgage recasting is one way to lower your monthly mortgage payments. Instead of taking out a new mortgage like you would with a refinance, recasting allows you to keep the …

Mar 31, 2025 · By paying a lump sum and recasting your mortgage, you can reduce your housing costs. By contrast, if you submit a lump sum without recasting, you lower your balance, but …

Read on to learn what recasting a mortgage means, its pros and cons, and how it compares to alternatives, like refinancing.

The meaning of RECAST is to cast again; also : remodel, refashion. How to use recast in a sentence.