I Lowered My Mortgage Payment Without Refinancing

I just lowered my mortgage payment by nearly $500 per month — without refinancing, without changing my interest rate, and without taking out a new loan. In this video, I break down exactly how a loan recast works, show you my real bank statements and amortization table, and explain how you can create financial flexibility in today’s inflation-heavy economy. If you own a home and want lower payments while keeping control of your cash, this strategy could save you thousands.

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00:00- Intro
:40 - Why would you want to do a mortgage loan recast
3:10 - What is a loan recast
3:32 - Let's go over the numbers on this real estate flip
4:50 - This is all the mortgage information for my home loan
7:40 - This is my loan recast agreement from the mortgage company
10:10 - The interest rate on my loan is 5.25% because I did an interest rate buy down as closing
11:35 - Here's the main difference between doing a loan recast and doing a refinance
14:17 - What is the goal in real estate when we borrow money

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Did you miss our previous article...
https://realestatevideos.club/How-to-Buy-a-House/how-to-fix-your-credit-by-yourself-to-buy-a-house-or-make-a-major-purchases