Plain-English guides to recasting your mortgage: how it works, when it's worth it, and how it compares with the alternatives. Every example uses real amortization math, and you can run your own numbers in the recast calculator.
- How to Request a Mortgage Recast
What to ask your servicer, how to send the lump sum, and a sample request letter.
- Is a Mortgage Recast Worth It?
The fee break-even, what else the money could do, and recasting vs. prepaying.
- Recasting After Buying a New Home
Buy first, sell later, then lower your payment with the sale proceeds.
- Recasting and PMI Removal
Use one lump sum to lower your payment and drop mortgage insurance.
- Recasting With a Windfall
What to check before an inheritance or bonus goes into the mortgage, and how to split it.
- Mortgage Recast vs. Biweekly Payments
A lower payment now, or an earlier payoff with a little extra each year.
- Mortgage Recast vs. HELOC
Putting cash into your house vs. borrowing against it, and when to combine them.
- Recasting ARM and Jumbo Loans
How ARM resets re-amortize your loan, and how jumbo recast rules vary.
- Mortgage Recast vs. Refinance
Costs, rate, term, and eligibility compared, and when each makes sense.
- Recasting vs. Extra Mortgage Payments
A lower payment, or an earlier payoff and more interest saved.
- Mortgage Recast Glossary
Plain-English definitions of recast, escrow, PMI, LTV, HELOC and more.
New to recasting? Start with what a mortgage recast is, below the calculator on the home page.