Are current interest rates making it hard to refinance your mortgage? Don't worry! In this video, I'll show you a little-known hack to reduce your monthly mortgage payment without the need to refinance. If you have savings and can make a large principal payment, you can ask your lender to recast your loan. This simple process recalculates your mortgage payment based on the lower balance, keeping the loan term the same but lowering your monthly payment! Watch the video to learn exactly how it works and how it can save you money
Are you're thinking about purchasing a home in Maryland, or any other of our licensed states (CA, CO, CT, DC, DE, FL, PA, SC, TX, VA)? We'd love to help you navigate the home loan process! Whether you’re a first-time home buyer, moving up, down-sizing or an investor, just give us a call, shoot us a text, send us an email, or schedule a Zoom call, and we'd love to help you finance your next home and make it as smooth as possible!
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