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Loan Recasting: Is It For You?

July 16, 2017

Story Location:
1504 Savannah Road
Lewes  Delaware  19958
United States

If you are looking to reduce your monthly mortgage payments, Loan Recasting is a refinance alternative that is an excellent option if your mortgage is more than you ultimately wanted. Loan Recasting typically requires you to pay a lump sum toward the principal balance on your mortgage. You then request that the lender "recast the note" for the new lower balance. The monthly payment is also recalculated on the new lower principle balance, thus lowering your monthly mortgage payment. Find out the disadvantages; if your loan qualifies and more information at http://blog.activeadultsdelaware.com/2017/07/14/loan-recasting/

We focus on our clients - the 65,000 Baby Boomers, or at least the ones that would like to live in Delaware or already do. We Specialize In Buyer Representation of New Homes and Resale Homes in Delaware.

✔Active Adult Communities
✔Waterfront Communities
✔Golf Communities
✔In-town and Historic Districts

For more information regarding this property or any other properties in Delaware, visit www.activeadultsrealty.com or contact Active Adults Realty at 302-424-1890, or via email to
Broker@ActiveAdultsRealty.com