INFORMATION SHEET - MORTGAGE LOAN RECAST
INFORMATION SHEET - MORTGAGE LOAN RECAST What is a Mortgage Loan Recast? A mortgage loan recast is when you pay a substantial amount of principal on your loan to reduce the balance and monthly payment. How does a Mortgage Loan Recast Work? If approved, you make a substantial (minimum of $10,000) lump sum payment to reduce the loan balance ................
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