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Chris Lancaster's Oahu Real Estate

By Chris Lancaster | Real Estate Pro in 96814

'Secret' Way to Lower Mortgage Payments

'Secret' Way to Lower Mortgage Payments 
Home owners can trim their monthly mortgage payments by “recasting” or “re-amortizing” their loan, without having to refinance and face hefty closing cost fees, experts say.

When recasting, the borrower pays off a lump sum of the loan’s principal and then resets monthly payments at the loan’s original interest rate and terms. 


No Closing Cost (not a refinance)
No Credit Check 
Interest Rate and Loan Term stay the same 
Lower's the amount of interest paid over the term of the loan 


NY Times 

for more information please visit
Hawaii's Real Estate Resource & Condo Guide  www.MyHomeOnOahu.com

or call 

Chris Lancaster, REALTOR ASSOCIATE @ (808) 489-1225 

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