How does recasting a mortgage work? If you decide to recast your mortgage, here’s how the process typically works: Contact your lender to determine your eligibility: Make sure y ...

Mortgage recasting lets you reduce your mortgage payments and total interest by paying a lump sum toward your loan principal. When you recast a mortgage, your interest rate and loan term stay the ...

David Gregory is an editor with more than a decade of experience in the financial services industry. Before that, he worked as a child and family therapist until he made the decision to move ...

“Recasting the Past: The Art of Chinese Bronzes, 1100–1900,” now at the Metropolitan Museum of Art, aims to change this. In an ambitious array of some 200 artworks spanning eight ...

Or, you could just make a large additional payment against your loan principal without recasting, and continue with the same monthly payment. Choosing whether to recast depends on how large of a ...