
Episode 303 - What is Mortgage Recasting?
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About this listen
In this week's episode of Beer and Money, Ryan Burklo explains the concept of mortgage recasting — a lesser-known alternative to refinancing. He walks listeners through a scenario in how this process works. While not available through all lenders (especially federal loans), mortgage recasting can be a valuable strategy for those looking to improve cash flow or prepare for retirement without refinancing at a higher interest rate.
Check out our website: beerandmoney.net
For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo
Takeaways
- Definition of mortgage recasting
- Recasting provides an alternative to refinancing
- Recasting keeps your interest rate intact
- There are restrictions depending on your individual situation
Chapters
- 0:00 Understanding Mortgage Recasting
- 2:49 Practical Applications and Benefits of Recasting
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.