One of the most commonly talked about tools for paying off your mortgage early is refinancing. Let’s explore a less common tool that can be just as powerful: recasting your mortgage.
After learning what a mortgage recast is and investigating how recasting is different from refinancing, we will dig into the pros and cons of recasting your mortgage to help you decide if this real estate strategy is right for you.
____
RESOURCES
Recasting Your Mortgage Calculator: https://www.freeonlinecalculatorus...

✅ CONNECT WITH US
Instagram:   / marriagekidsandmoney  
Blog: https://www.marriagekidsandmoney.com
Podcast: https://www.marriagekidsandmoney.com/...
Facebook Group: https://www.marriagekidsandmoney.com/...
____
CHAPTERS
0:00 Intro
0:48 What is recasting your mortgage?
1:03 How do you recast your mortgage?
3:02 Request a Recast
3:37 Make a Lump Sum Payment
3:57 Pay a Servicing Fee
4:14 Move to Your New Repayment Schedule
4:39 Put Your Money to Work
7:00 Pros of Recast
8:18 Cons of Recast

#MortgageRecast #RecastingMortgage #DebtFreeCommunty #MortgageFree #PersonalFinance

OTHER VIDEOS TO WATCH
10 Incredible Benefits of a Paid Off House:    • 10 Incredible Benefits of a Paid Off ...  
How We Paid Off Our Mortgage in 5 Years:    • How We Paid Off Our Mortgage in 5 Years  
Life After the Mortgage is Paid Off:    • Life After the Mortgage is Paid Off  

MARRIAGE KIDS AND MONEY:
This awardwinning blog, podcast and YouTube channel are dedicated to helping young families build wealth and thrive.
Each week, Andy Hill interviews personal finance experts, families who've achieved financial independence and debtfree young parents.
Subscribe to my YouTube channel today to strengthen your family tree and live financially free!

DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser.
Information shared on this channel is for entertainment purposes only and should not be considered as professional advice. Be sure to seek professional advice for your specific situation.

Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.