When it comes to restructuring a mortgage loan, borrowers have 2 (non-modification/delinquency related) options – a refinance or a recast. We often get calls about mortgage refinancing from people who want to pay down their loan balance to get a lower monthly payment. In many cases, these inquiries are better served by a mortgage recast.…

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mortgage down payment

If you’re thinking about buying a home, one of the first questions you may have is how much money you’ll need for a mortgage down payment.  While the answer is almost always “it depends”, one thing is for sure – most people are surprised to find out it takes less money than they think to…

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