Mortgage Recast

When you recast your mortgage, instead of paying a small amount to make the monthly payment more affordable for you and still having an enormous outstanding balance at the end of it, with this option you pay off all your principal early. This is perfect if you have some money saved up in a savings account or are looking for ways to invest as there's no need to worry about interest rates either way because they're stuck where they were when we first took out our loan!

A reamortization allows homeowners who want financial relief today but don't want their future rate hikes on principle balances looming over them tomorrow (as can happen by getting into repayment plans) while also allowing those invested in stocks or other investment vehicles worried about making ends meet.